We have already covered this, but this is the official release from the Australian Tax Office, so is worth reposting…
Microbreweries excise refund scheme extended
From 1 July 2012, eligible breweries are able to receive an excise refund of 60 per cent of excise paid, up to a maximum amount of $30,000 per financial year.
As part of the 2012 – 13 Federal Budget, the Government extended the current microbreweries excise refund scheme by increasing the maximum refund amount from $10,000 to $30,000 and removing the current production eligibility threshold of 30,000 litres of beer.
To be eligible for the excise refund scheme, breweries must:
- be operated by an entity that is legally and economically independent of any other entity that operates a brewery; and
- sell beer (whether wholesale or retail), on which excise has been paid, directly from the manufacturing premises of the brewery.