Explore the latest developments concerning ‘$108 a litre’:.
Fresh ATO alcohol tax hike to hit Aussies from today: 'Difficult to wear'
Australian spirit drinkers will face a hit to their hip pockets from this week, following a fresh alcohol tax hike. The tax on alcohol is adjusted in line with inflation twice a year, with the government putting a pause on the excise duty for draught beer for two years.
But this doesn’t extend to those who drink vodka, rum, whisky, gin and other spirits. An Australian Taxation Office (ATO) spokesperson previously told Yahoo Finance excise duty rates were indexed twice a year, usually in February and August, “based on the upward movement of the consumer price index”.
From today, spirits exceeding 10 per cent by volume of alcohol will increase from $105.98 per litre to $107.99 per litre. The tax is usually paid by manufacturers, distillers and importers of spirits, but then gets passed on to hospitality venues and consumers.
‘Sh*t sandwich’ – Double tax hike hitting Aussies from today
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We’ve got some bad news for anyone hopping in the car or planning on having a drink today.
You can expect to pay more, thanks to a double tax increase by the Federal Government.
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