alcohol tax tagged posts

Japan to Implement Unified Beer Tax

December 22, 2016 Taxation in Japan

Beer Taxes in JapanTOKYO – Beer pricing in Japan could undergo a significant change, as the government mulls an overhaul to the taxation of the popular drink.

The government of Japan is proposing new tax regulations which would see a reduction in the price high-malt beers, with a corresponding price increase for low-malt beers.

Current regulations in Japan define beer as a beverage which has a malt content of at least 67 percent, with the lower malt-content beers being defined as either “happoshu” or “hodgepodge”.

The newly proposed legislation would see the malt threshold lowered to 50 percent, a moved which would see a greater range of imported beverages being defined as beer.

The current taxes on beer are set at JPY 77 for a can of beer, JPY 47 for happoshu, and JPY 28 for hodgepodge.

If the new ...

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Tax Breaks on Horizon for Small Breweries in USA

October 6, 2016 Taxation in USA

Excise taxes on beer in the USAWASHINGTON D.C. – Small breweries in the USA may soon see eased filing and tax requirements, as a new Act receives majority support in Senate.

According to information in a press release issued on September 26th by the US advocacy group the Beer Institute, a majority of Senators in the USA now support an Act to ease the tax burdens faced by small and independent breweries across the country.

The Act proposes to reduce the federal excise tax on beer to USD 3.50 per barrel for the first 60 000 barrels produced by any domestic brewery producing less than 2 million barrels of beer per year.

The reforms would also extend to larger breweries, with the federal excise tax also being lowered to USD 16 per barrel for brewers and importers dealing with up to 6 million barrels per year.
Producer who...

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Alcohol Tax Will Prevent Alcohol Violence in the UK

July 12, 2016 Taxation in UK

LONDON – A new tax on the sale of alcohol in the UK could see the number of alcohol-related violent injuries in the country fall by as much as 6 000 per year.

In its latest issues, the online medical journal Injury Prevention published the results of a new study which suggested that a small tax on the sale of alcoholic beverages in the UK could lead to a drastic reduction in the number of alcohol-related violent injuries occurring in the country.

A duty on the sale of alcohol set at 1 percent above the national rate of inflation could see the number of violence-related injuries coming to A&E each year reduced by at least 6 000.

Further, if the government took additional measures to reduce the wealth gap in the country, the number of injuries could fall to an even lower 18 000.

The extra...

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Australia to Drop Tax Rebates on Wine

May 5, 2016 Taxation in Australia

CANBERRA – Cheap wine may be a thing of the past in Australia, as the government steps forward to shut the tap on its controversial WET rebate system.

On May 4th the government of Australia announced that the controversial Wine Equalization Tax (WET) system will soon be reformed to remove unforeseen distortions in the local wine market.

The WET system imposes a tax on 29 percent on the wholesale price of wine and several other types of alcoholic drinks.

Currently, wholesalers of applicable drinks are eligible to receive a rebate of up to AUD 500 000 on the WET paid.

The rebate system has faced heavy criticism, as it has allowed large manufacturers to establish temporary wholesale operations which will trade up to the maximum of the rebate before being wound down and replaced with a new ...

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