SA alcohol industry wants excise tax duties deferred

www.moneyweb.co.za
5 min read
fairly difficult
Until the current Covid-19 booze ban is lifted.
The extension of the alcohol ban is causing increasing distress for South Africa's multi-billion-rand liquor industry, which wants another deferment of excise tax duty on alcohol to mitigate the impact on the sector.

Major industry bodies, including the South African Liquor Brandowners Association (Salba), Beer Association of SA (Basa) and wine organisation Vinpro, have warned of further job losses, the collapse of smaller players and billions of rands in lost tax revenue for government.

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"President Cyril Ramaphosa's decision to extend the alcohol ban [on Monday] has left the South African alcohol industry with no choice but to apply for a deferment of the payment of excise duties until the ban is lifted," Salba and Vinpro said in a joint statement on Tuesday.

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