Liquor industry asks to defer taxes again as long as alcohol ban is in place

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Groups representing producers and sellers say they cannot afford to pay tax when they cannot sell their products 🔒

In a move that could widen SA’s huge tax shortfall, the country’s largest liquor producers and exporters, including Distell, KWV and Diageo, have asked the government for taxes to be deferred until the alcohol sales ban ends.

The SA Liquor Brand Owners Association and Vinpro, which represents 2,500 wine farms, put out a joint statement on Monday pointing out that the government has given no indication when the alcohol sales ban will end. It was unaffordable for them to pay tax when they are unable to sell their products, they said. ..

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Is the government not even going to try to help us survive?

the government should restrict the sale of alcohol to a certain quantity per person insted of just ban

No kidding. Even the government should understand you pay tax on income. No income = no tax..... Not too difficult.

I wonder how many will be getting Vat refunds for January...Sars is not just losing money it could have collected but is going to have to pay Vat refunds out - what a total stuff up

And why should they pay tax when they are not allowed to sell their product? MYANC DlaminiZuma CyrilRamaphosa tito_mboweni

Singapore Singapore Latest News, Singapore Singapore Headlines