New excise duty rates for tobacco and tobacco products from 1 January 2024
09.23am 01 December 2023
The annual indexation increase to excise and excise-equivalent duty rates for tobacco and tobacco products will take place on 1 January 2024.
The annual indexation increase is based on the movement in the All-Groups Consumers Price Index (less credit services) over the 12-month period to 30 September 2023. It equates to 5.64% increase in duty rates.
The new rates are summarised below:
| Tobacco product |
Rate of excise and excise-equivalent duty from |
|
| Manufactured cigarettes | exceeding in weight 0.8 kg actual tobacco content per 1,000 cigarettes | $1,773.02 per kilo tobacco content (KTC) |
| not exceeding in weight 0.8 kg actual tobacco content per 1,000 cigarettes | $1,244.23 per 1,000 cigarettes | |
| Smoking tobacco, homogenised or reconstituted tobacco | $1,773.02 per kilo tobacco content (KTC) | |
| Other tobacco products, eg, snuff, cigars, cheroots and cigarillos | $1,555.23 per kilo tobacco content (KTC) | |
| Water pipe tobacco | $265.95 per kilo | |
Download the new rates set out in the Excise and Excise-equivalent Duties Table (Tobacco Products Indexation) Amendment Order 2023 (PDF 225 KB).
If you need further information, please contact Customs on 0800 428 786 (0800 4 CUSTOMS).
The Allowances and Charges page will be updated with the new excise rates for specific products on 1 January 2024.