Are changes coming to how alcohol is taxed in South Africa?
A potential win for the alcohol industry...
The Beer Association of South Africa (BASA) is calling for change.
According to Business Tech, BASA has indeed submitted a proposal to SARS on changing how beer and alcoholic beverages are taxed in SA.
Read more: Japanese government runs competition to get young people to drink more alcohol
Alcohol tax increases every year as part of the 'Sin Tax'. The 2022 Budget saw the price of a 340ml can of beer increase by 11 cents.
The industry has long been pushing for a change in how taxes are calculated.
BASA has proposed the following:
- Beer and other alcoholic goods that have lower levels of alcohol by volume (ABV) are taxed proportionally lower than products with higher ABV.
- That the excise duties period of 30/60 days on all goods under the Excisable Alcohol Products be applied uniformly.
Read more: Japanese government runs competition to get young people to drink more alcohol
MORE ON EAST COAST RADIO:
Follow us on social media:
Main image attribution: iStock