Australia Updates Excise Duty Rates on Beer
Australia recently updated excise duty rates on beer that may provide benefits for small beer manufacturers, according to a July 19 report from KPMG. Beer packaged in kegs that hold between 8 and 48 liters will now be subject to…
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the same duty rate as beer packaged in “the standard keg size” of 48 liters, the report said. Previously, kegs that held more than 48 liters of beer were subject to lower tariff rates than smaller kegs. Australia hopes the change will “provide small and microbrewers of beer a greater chance of remaining competitive against their global and sector-dominating counterparts, due to the fact that craft and microbrewers generally use smaller kegs in their production,” KPMG said. The change also makes certain alcohol manufacturers eligible to claim a refund of “60 percent of excise duty paid within a twelve month period to a maximum of $100,000,” the report said. KPMG said the previous cap was $30,000. The changes took effect July 1.