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tax rates increase

Tax Rates to Increase for Alcohol, Petrol and Cigarettes

As of February 1st, drinkers and drivers are looking at higher tax rates and more expensive habits, while smokers will do the same starting in March. The change is due to the excise indexation that happens twice a year because of inflation. While the people targeted are surely not happy about the extra expense, automatic indexation has been in practice since the 1980s when the Hawke government introduced it. Petrol users had a break since 2001, when the Howard government froze the rate at 38.1c per litre because the GST was introduced. However, as of last year, the fuel made […]

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