In its February 2021 budget, the National Treasury announced an 8% increase in alcohol and tobacco excise duties. This excise increase appeared to be driven by a desire to grow government revenue, after a year in which the economy – and government coffers – were battered from the Covid-19 crisis, says Virusha Subban, partner and … Continue reading “Tax changes planned for cigarettes and alcohol in South Africa – but they could come at a cost” Source: BusinessTech
