New excise duty rates for alcohol from 1 July 2022
The annual adjustment to the excise and excise-equivalent duty rates on alcoholic beverages will take place on 1 July 2022.
The annual adjustment is based on movements in the Consumer Price Index less credit services subgroup over the 12-month period up to 31 March 2022. The new rates are those set out in the Excise and Excise-equivalent Duties Table (Alcoholic Beverages Indexation) Amendment Order 2022.
The rates are summarised as:
|Current excise rate to 30 June 2022||New excise rate (GST excl.) from 1 July 2022|
|46.627 cents per litre of beverage||49.855 cents per litre of beverage|
|$31.089 per litre of alcohol||$33.241 per litre of alcohol|
|$2.4871 per litre of beverage||$2.6593 per litre of beverage|
|$3.1089 per litre of beverage||$3.3241 per litre of beverage|
|$56.625 per litre of alcohol||$60.545 per litre of alcohol|
Alcohol products removed from a licensed manufacturing area or imported after midnight on 30 June 2022 will be subject to the new rates.