Budget 2026 | Alcohol Industry Approves of Inflation-Linked Sin Tax Increases

Budget 2026 | Alcohol industry approves of inflation-linked sin tax increases

Here is how much Godongwana has raised tax on alcohol and cigarettes

Minister of Finance Enoch Godongwana has said that raising certain taxes is “unavoidable”. One of those inevitable taxes is excise duties on alcohol and smoking products, although the increase is lower than some of the more alarmist predictions. Godongwana delivered his budget speech in Cape Town on Wednesday afternoon, basing his determinations on the belief the economy would grow 1.6% in the coming financial year. Increase in alcohol and cigar…

FIRST TAKE | Budget Speech: Cigarettes, beer up in line with inflation

Finance Minister Enoch Godongwana tabled the 2026 National Budget on Wednesday, 25 February, setting out government’s spending plans and fiscal strategy for the year ahead. Godongwana said increases to certain excise duties are unavoidable. Tobacco Products Excise duties on tobacco products will increase in line with inflation. This includes excise duties on electronic nicotine and non-nicotine delivery systems. As a result: The excise tax on a…

Godongwana’s inflation-linked alcohol duty plan gets thumbs-up - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The National Liquor Traders Council has welcomed Finance Minister Enoch Godongwana’s announcement that excise duty increases on alcohol products will be limited to inflation-linked adjustments. Godongwana delivered the 2026 Budget Speech in Parliament on Wednesday, where he provided an update on revised spending plans. National Liquor Traders spokesperson Lucky Ntimane says inflation-linked increases are a first step in their battle against illc…

'It's unavoidable' : Smokers, drinkers, motorist to pay more as tax rises

'It's unavoidable' : Smokers, drinkers, motorist to pay more as tax rises Zandile.Khumalo Wed, 02/25/2026 - 14:36 File: Glasses with alcohol on the counter of a bar. Frank May/dpa Picture-Alliance via AFP CAPE TOWN - Finance Minister, Enoch Godongwana made it clear when he tabled the 2026 Budget Speech on Wednesday that certain tax increases are unavoidable. For the 2026/2027 financial year tobacco, alcohol and fuel levy will increase in line …

Income tax brackets, medical tax credits adjusted for inflation – Moonstone Information Refinery

At last – after two years of no tax relief, the personal income tax (PIT) brackets and the medical tax credits will be adjusted in Budget 2026 to account for inflation. However, there will be increases to the taxes on fuel, albeit below inflation. As is the norm, the excise duties alcohol and tobacco will increase, although speculation that these increases might far exceed inflation has proved incorrect. The 2025 Budget and the 2025 Medium-term …