SAB calls for strong excise tax certainty, as liquor industry battles declining volumes

South African Breweries has called for strong excise tax policy certainty for the liquor sector to enable better planning, as the industry battles material volume declines due to high input costs and a consumer under increasing pressure.

SAB CEO Richard Rivett-Carnac said on Wednesday that not only should there be more consistency in the actual annual excise tax increases, with them being more in line with consumer price inflation, but industry should be provided with a three-year guidance to help them with planning.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fuel price hike sparks concern, industry calls on government for alternativesThe CEO of the Fuel Retail Association, Reggie Sibiya, has voiced concerns over the fuel price increases scheduled for September, emphasizing the potential impact on both businesses and consumers.
Source: SABC News Online - 🏆 32. / 51 Read more »

Tax administrations need to adapt to a changed business environmentWithout a digital strategy, they will miss out on e-commerce tax collections.
Source: Moneyweb - 🏆 5. / 77 Read more »