The ATO has extended its takeaway beer repackaging concession to continue to support businesses in the alcohol industry affected by COVID-19.
Australian Tax Office
Takeaway cocktails will be allowed permanently under new ATO rules, but the repackaging of beer at venues will still require a manufacturers licence after 31st October.
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.
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.