Finance Minister Iipumbu Shiimi, has increased the sin tax on respective excisable commodities effective February 22, 2024, as per the Southern African Customs Union (SACU) agreement.
While tabling the 2024/25 budget in the National Assembly on Thursday, Shiimi announced that a 340 ml can of beer will increase by 10 cents; a 750 ml bottle of wine will go up by 18 cents; a 750 ml bottle of spirits will increase by N$3.90; a 23 gram cigar will go up by N$5.47, while the duty on a pack of 20 cigarettes will increase by 98 cents.
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