Alcohol excise rise is paused for the first time in 37 years due to a fall in the Consumer Price Index as a result of COVID-19.
The ATO’s release of tax transparency figures revealed that CUB’s parent company did not pay any corporate tax for the fifth year running, but it’s a bit more complicated than that, according to experts.
Venues face fines of up to $23,100 if they offer growlers poured from kegs taxed at concessional rates without an alcohol manufacturer licence, following changes to beer excise rules.
The Australian Tax Office has released an information bulletin reminding brewers about the changes being made to excise from 1 July.
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.