Maranoa MP David Littleproud knows Maranoa has got the best craft breweries and distillers in the country – that’s why the Federal Government’s Budget has included tax relief for alcohol manufactures to support local jobs.
“From the South Burnett, Southern Downs to Pechey and Betoota, it’s ‘bottoms up’ to local alcohol manufacturers with the government to increase the excise refund cap for distillers and brewers to support jobs and further grow our local grog creations,“ Mr Littleproud said.
“Under our plan to support jobs in this growing sector, small brewers and distillers will benefit from a tripling of the excise refund cap for small brewers and distillers from $100,000 to $350,000 per year”.
From July 1, 2021 eligible brewers and distillers will be able to receive a full remission of any excise they pay, up to an annual cap of $350,000. Currently, eligible brewers and distillers are entitled to a refund of 60 per cent of the excise they pay, up to an annual cap of $100,000.
This will align the benefit available under the Excise Refund Scheme for brewers and distillers with the Wine Equalisation Tax Producer Rebate.
“There are around 600 brewers and 400 distillers across Australia, with around two thirds operating in rural and regional areas. The changes will allow these brewers and distillers to keep more of what they earn – helping them to invest, grow and support about 15,000 Australians that are currently employed in the sector,” Mr Littleproud said.
Small brewers and distillers will benefit from $255 million in tax relief to support more jobs and investment as part of the 2021-22 Budget.
Additional support to brewers and distillers across the country will also serve as much-needed relief for those businesses severely impacted by COVID-19.
The Coalition Federal Government is committed to assisting local manufacturing businesses to grow, create jobs and support Australia’s economic recovery.
