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SA Lockdown: Liquor business calls for one more tax break – NEWPAPER24
SA Lockdown: Liquor business calls for one more tax break
2021-01-14 05:00:00
JOHANNESBURG – The embattled liquor business desires one other tax break from excise duties, after a 3rd liquor ban imposed by the federal government, to assist curb the unfold of COVID-19.
The business pays the South African Income Providers a mean R2.5-billion monthly in excise tax for regionally produced and imported merchandise.
READ: Hyperlink liquor excise tax improve to inflation: Salba
The tax is being imposed on the level of manufacturing, as regular, regardless of the present ban on alcohol gross sales within the nation.
In July and August 2020 the federal government granted a deferment of no less than R5-billion Rand in excise tax funds.
The business has needed to pay again the tax at a later stage.
The Liquor Brandowners Affiliation’s Sibani Mngadi explains the business’s problem within the video above.
