AUS: Craft brewers urge fair tax treatment
Australia's craft brewers have reportedly urged the country's government to give them the same tax treatment as winemakers.
The Australian Association of Microbrewers has warned that some of its smaller members could go to the wall unless the Australian government extends a tax rebate enjoyed by the wine industry to craft brewers.
According to the Herald-Sun newspaper, Australian wineries get tax breaks of up to A$500,000 (US$389,000) a year, depending on their output.
In a submission to the Australian government, the brewers association has proposed that its members be entitled to claim a 60% rebate on excise duty. To qualify for the tax break, craft brewers would have to produce a minimum of 340,000 bottles of 5% abv beer a year.
Premium beers are enjoying soaring demand in Australia and the country's larger craft brewers have looked to capitalise on that growth by listing on the country's stock market. In the last month, Gage Roads Brewing and Oz Brewing have both floated on the Australian Stock Exchange.
Sectors: Beer & cider
- The end is nigh for Global Travel Retail - Comment
- Five ways small brands can beat big players
- Interview, Bulldog Gin founder Anshuman Vohra
- Pernod Ricard's Q1 results - Preview
- Pernod Ricard Q1 2017 results by region, brand
- Diageo most at risk to Thai alcohol ban - analyst
- Jobs at new India hub won't affect staff - Diageo
- Stumbling UK Pound prompts Conviviality price hike
- US craft spirits could be as big as craft beer
- AB InBev fund ZX Ventures buys homebrew co
- Global gin insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Global Wine Market 2016-2020
- Global RTD insights - market forecasts, product innovation and consumer trends