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Revised alcohol price lists released
Jan 02, 202405:30 PM
In response to the recent hike in excise duty and the Value Added Tax (VAT), all local distilleries have increased the revised prices of their alcohol products.
The Ministry of Finance, on 01 January, published a gazette notification announcing the increase in excise duty on liquor, while the VAT was also increased from 15% to 18%, after the VAT (Amendment) Bill was passed in Parliament on 11 December 2023.
Listed below are the revised prices of each distillery:
