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New tax rates a welcome relief for craft beer brewers
Leonie Ferretter & Jessie Zhang examine the updated excise duty rates on beer in Australia.
Australia’s alcohol tax regime has updated the excise duty rates on beer. Excise duty is applicable to excisable goods, being alcohol, tobacco and fuel, manufactured and sold in Australia.From 1 July 2019, beer packaged in kegs between 8 and 48 litres is subject to the same rate of duty as beer packaged in the standard keg size of 48 litres. Additionally, all eligible alcohol manufacturers may claim a refund of 60 percent of excise duty paid within a twelve month period to a maximum of $100,0...
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Authors: Leonie Ferretter, Jessie Zhang
Published Date: 19 July 2019
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