From July, eligible liquor producers in Logan City and the Scenic rim can claim a refund of up to 350-thousand-dollars excise a year… it’s a tax cut that’s up from 100-thousand dollars.
The support package, set to be unveiled in this week’s Federal budget, will triple the volume of liquor producers can sell before being taxed, adding an estimated $55,000 into the pockets of small distillery owners.
The changes are expected to benefit about 600 brewers and 400 distillers, most of whom are in located in hard-hit rural and regional Australia where the sector employs roughly 15,000 people.
Independent Brewers Association Chairman Peter Philip says it will help create a truly owned local brewing industry.
The federal government hopes that that extra money saved on tax will go towards employing and training new staff, aiding their capabilities to export, as well as expanding operations and putting on more events.
The tax cut is also expected to benefit consumers, having the potential to decrease the price of drinks in local bars in pubs.
