News

UKRAINE: Obolon attacks tax hike proposals

Most popular

Six trends shaping cannabis beverages

How to win the marketing war in spirits

Heineken 0.0's march to global success - Analysis

What will be Pernod Ricard's priorities?

MORE

Ukraine's second-largest brewer Obolon has criticised its government's plans for a tax hike on beer of almost 26%.

Obolon, which has a 29.8% share in Ukraine's beer market, said an increase in the tax on beer would further hit demand for beer in the country.

Ukraine's beer market grew by 25% last year but this year growth is expected to slow to 15%.

"Russia once tried to increase beer tax and it seriously affected its producers," the company told just-drinks today (20 October).

"In Ukraine, we now witness a decline in the growth rate of the beer market and an increase of the beer tax will only aggravate the situation. It is likely to harm small producers, the number of which keeps decreasing."

Obolon said Ukraine's government hopes of boosting its revenues with a hike on the tax on beer would merely hit the profits of brewers, which in turn would reduce corporate tax receipts.

The brewer accounts for over 83% of beer exports from Ukraine, reaching 25 countries in the CIS, Europe and Asia.


Sectors: Beer & cider

Related Content

Big Rock Brewery attacks craft beer tax change as H1 2017 losses grow - results

Big Rock Brewery attacks craft beer tax change as H1 2017 losses grow - results...

European Union excise proposals

European Union excise proposals "fail to address distortion" - SpiritsEurope...

Will the sugar tax story pan out as expected? - Comment

Will the sugar tax story pan out as expected? - Comment...

US tax relief proposal hailed as boost for wine, beer

US tax relief proposal hailed as boost for wine, beer...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?