Better cancel that round.
If you thought your Saturday night schooey cost a bit more than usual, you’d probably be right.
As of August 5, the Australian Tax Office has hiked the price on all your favourite frothies, raising the cost of stubbies, cans and longnecks by 30 cents per litre and draught beer by 21 cents per litre.
It comes as a sobering reality for Aussie beer drinkers who already pay some of the highest beer taxes in the world, coming in fourth after Norway, Japan and Finland respectively.
A new report by Professor Kym Anderson from the University of Adelaide has revealed just how wide the gap is between beer tax prices here and abroad.
“In Australian dollar terms, at $2.19 per litre in tax for packaged beer, Aussies pay more than three times the weighted OECD and EU member average of $0.70,” Prof Anderson said.
“It will come as no surprise to Australians who have travelled and noticed the price on a beer overseas compared to what they pay at home. The key reason for the difference is the greater rate of beer tax in Australia.”
The tax hike is part of an automatic consumer price index increase, which is scheduled to occur twice per year.
Here’s how much Aussies pay in beer tax compared with our boozy buddies next door.
- 18 x more than Germany ($0.12 per litre)
- 15 x more than Spain ($0.14)
- 8 x more than the US ($0.28)
- 6 x more than Canada ($0.37)
- Around 5 x more than France ($0.47)
- Almost double that of New Zealand ($1.18)
- Almost two-fifths more than the UK ($1.37)
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