Brewers have welcomed a decision which will see liquor producers across the country receive tax cuts worth up to $250,000 a year after losing around $1 billion in beer sales throughout the pandemic.
Brewers Association of Australia CEO John Preston told Sky News, тАЬlast year was a terrible year for many businesses but for hospitality and the beer industry it was particularly bad.”
тАЬWe saw 44 million schooners of beer that had to be destroyed because of lockdowns and тАж $1 billion of lost sales across pubs and clubs in Australia.
тАЬThatтАЩs why this is a great first step from the government, from the treasurer, and we welcome it.
тАЬBut weтАЩve actually also asked the government to consider reducing the tax on draft beer, the beer thatтАЩs sold through pubs and clubs, by 50 per cent in the budget.
тАЬWe believe that will really help that hospitality sector thatтАЩs really struggling and continues to struggle with lockdowns and other restrictions as they try to rebuild after COVID-19тАЭ.
Mr Preston said Australia currently has the fourth highest beer tax in the developed world and it continues to increase twice a year.
