Australia: Proposed two-year freeze on draught beer excise indexation
The federal government will freeze the indexation on draught beer excise for two years.
The Prime Minister announced that the federal government will freeze the indexation on draught beer excise for two years.
According to the Prime Minister, the indexation freeze will take place from the next indexation date of August 2025 in a move to "take pressure off the price of a beer poured in pubs, clubs and other venues, supporting businesses, regional tourism and customers."
The announcement follows February's proposed plan to increase alcohol manufacturer tax incentives via the excise remission cap and Wine Equalisation Tax producer rebates for eligible alcohol manufacturers. Read TaxNewsFlash