Canada caps alcohol tax until 2026 – The Spirits Business ...Middle East

An increase in alcohol excise duty in Canada has been capped at 2% for two years – a move that has been welcomed by the spirits sector. Canada pays some of the highest alcohol taxes in the world On 9 March, Chrystia Freeland, deputy prime minister and minister of finance, disclosed the alcohol tax cap in a pre-budget announcement. On 1 April 2024, taxes on beer, wine and spirits were due to rise by 4.7%. It follows a one-year cap implemented in March 2023 when alcohol tax was due to increase by 6.3% in line with inflation. In addition, the government has cut the excise duty rate in half on the first 15,000 hectolitres of beer brewed in Canada. Rechie Valdez, minister of small business, sai

Hence then, the article about canada caps alcohol tax until 2026 the spirits business was published today ( Wednesday 13/03/2024 - 03:48 PM ) and is available on canadian news today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Canada caps alcohol tax until 2026 – The Spirits Business )

Also on site :

• ‘Bachelor’ Alum Lauren Luyendyk Calls Out Alex Cooper Over Comments About Her Daughter: ‘Took It Too Far’
• 1991 Primetime Soap Finale Ranked Among 'Most Unforgettable' of All Time Aired Exactly 35 Years Ago Today
• Alternativa Film Festival Wraps in Medellín, Prizes ‘Runa Simi,’ ‘9-Month Contract,’ ‘A Useful Ghost’