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No increase in Australian excise for beer, liquor
Like many countries, Australia indexes its excise tax rates each year against the inflation rate to ensure these tax rates remain constant in real terms. For Australia, this occurs after the December and June CPI quarters, with new excise rates commencing around the first of February and August each year for beer, distilled spirits, and pre-mixed alcoholic drinks (and for petroleum fuels).
Read MoreWTO report shows members moving to facilitate imports even as trade restrictions remain high
While import-restrictive measures introduced by WTO members continued to affect a growing share of global trade, the Director-General’s latest mid-year report on trade-related developments presented to members on 24 July also indicates a shift towards import-facilitating measures, including products related to the COVID-19 crisis.
Read MoreCustoms procedures and the response to COVID
Now that we are several months into this pandemic it has been interesting to watch some of the measures that national governments have implemented that will be delivered by customs agencies.
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