Notice of the Excise and Excise-equivalent Duties Table (Tobacco Products Indexation and Reduction) Amendment Order 2024
Under the Legislation Act 2019, notice is given of the making of the following secondary legislation:
|
Title |
Empowering provision(s) |
Administering agency |
Date made |
|
Excise and Excise-equivalent Duties Table (Tobacco Products Indexation and Reduction) Amendment Order 2024 |
Schedule 3, Clause 21 of the Customs and Excise Act 2018 |
New Zealand Customs Service |
18/11/2024 |
This secondary legislation (“Order”) can be accessed at the New Zealand Customs Service website www.customs.govt.nz or ordered by mail from New Zealand Customs Service, PO Box 2218, Wellington 6140, Attention: Corporate Services. Please quote title when placing an order. Prices are supplied on application.
The Excise and Excise-equivalent Duties Table, as amended by the Order, will be accessible in the same ways as above.
The Order will come into force on 1 January 2025.
The Order amends the Excise and Excise-equivalent Duties Table to make permanent the 50 percent reduction in the excise and excise-equivalent duty rates on products used to heat tobacco without combustion (products for use with tobacco heating systems).
The Order also adjusts the excise and excise-equivalent duty rates on tobacco products to reflect the movement in the Consumers Price Index, less credit services subgroup, over the 12-month period ending on 30 September 2024. These adjustments have also been applied to the permanently reduced excise and excise-equivalent duty rates on heated tobacco products.