ISRAEL: Ministry of Finance equalises beer tax regime
By Aaron Priel
Israel's Ministry of Finance has changed the tax method on domestic beer, equalising it with imported beer.
Prime Minister and acting Minister of Finance Ehud Olmert signed the amendment to the customs rate and purchase tax ordnance, and all beer will now be taxed at NIS1.85 (US$0.46) per litre.
The Israel Tax Authority says that the new system establishes fairer competitive terms, and increases the supervision of the beer market.
The change in the tax system is not expected to affect tax revenues collected on beer, or the price consumers pay for the product. The Tax Authority is currently examining changing the taxes on hard liquor to be based on the alcohol content rather than on the price.
Sectors: Beer & cider
Green issues are taking centre-stage in the wine industry at the moment, with producers across the world working to develop more environmentally friendly products and practices, and find ways to commu...
Investment bank Lehman Brothers has upgraded shares in the global drinks group Diageo to 'equal-weight' from 'underweight', with a price target of GBP11.50....
The US state of Delaware has announced the formation of a legislative task force to study the issues surrounding the underage consumption of alcohol and drunk driving....
Avoiding sugary drinks can help thwart cancer, according to a study into prevention of the disease....
Kirin Holdings Co has cut its full-year outlook due to low sales and the rising cost of raw materials....
V&S Group has signed an deal to sell a Danish yeast production facility to a Canadian company....
The Distilled Spirits Council has responded to the Governor's Doyle's decision to veto the distilled spirits sampling provision....
US drinks consumers are more than twice as likely to order beer or mixed drinks than wine when drinking away from home, according to a recent survey in the country....
- Craft spirits shake-out will be just the beginning
- How Treasury is rewriting the rule book - Comment
- Drinkable yogurt - The next drinks opportunity
- Coca-Cola India suspends bottling operations
- Has Diet Coke passed its sell-by date? - Comment
- Diageo brands need "fixing and nurturing" - TWE
- SAB shareholders granted AB InBev vote split
- Pernod Ricard wins Ron Matusalem 'Cuba' legal row
- Work begins on Glasgow distillery
- Sapporo’s Sapporo Premium Black - NPD
- The Next Seven Big Beverage Markets
- Global rum insights - market forecasts, product innovation and consumer trends
- Carlsberg AS (CARL B) - Financial and Strategic SWOT Analysis Review
- Global RTD insights - market forecasts, product innovation and consumer trends
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages