Tax in­crease on rol­lies to rake in $360m

Pilbara News - - News -

Smok­ers who roll their own cig­a­rettes will be slugged more for to­bacco prod­ucts.

Anti-smok­ing ad­vo­cates are happy with the tax in­crease, which they say will lift the price of 50g bags of to­bacco by up to $8 over the next four years.

The Gov­ern­ment is rais­ing taxes on roll-your-own to­bacco and items such as cigars to bring rol­lies in line with tai­lor­made cig­a­rettes.

The mea­sure is ex­pected to rake in $360 mil­lion over four years, in­clud­ing an ex­tra $35 mil­lion in GST rev­enues.

The in­creases, start­ing in Septem­ber, will co­in­cide with 12.5 per cent to­bacco tax hikes.

There will also be a new levy on av­o­ca­dos, but it’s un­likely to hitch up prices paid at the shops.

The Gov­ern­ment in April in­tro­duced a 0.1¢ per kilo­gram levy on fresh av­o­ca­dos to sup­port biose­cu­rity man­age­ment for the in­dus­try.

But there’s a cor­re­spond­ing re­duc­tion in the ex­ist­ing av­o­cado re­search and de­vel­op­ment levy, down from 3¢ per kilo to 2.9¢.

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