Sin tax still under review
19 Feb 2014 21:00pm
WINDHOEK, 19 FEB (NAMPA) - The excise duty is still under review by the Ministry of Finance.
No increase on excise duty, or sin tax as it is commonly known, was announced during the tabling of the N.dollar 60,28 billion 2014/15 National Budget in Parliament on Wednesday.
Minister of Finance Saara Kuugongelwa-Amadhila only said an increase in sin taxes will be announced at a later stage.
The Southern African Customs Union (SACU) excise rates on sin taxes are also under review and are expected to be announced later.
Sin taxes are concentrated around cigarettes, beer, wine and other liquor, as well as tobacco.
The hike on sin taxes in 2013 saw excise duties on beer go up by 7 cents; wine by 15 cents, spirits by N.dollars 3,60; and cigarettes by 60 cents.
Namibia was ranked fifth by the World Health Organisation (WHO) for alcohol consumption in Africa in 2013, with the average Namibian consuming 9.62 litres of alcohol per year.
The WHO measured this by the amount of pure ethyl alcohol consumed per capita per year by people aged 15.