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  • Alcohol Taxation – automatic remission of excise duty for alcohol manufacturers

    On 1 May 2021, the government announcedExternal Link further changes to the excise refund scheme for alcohol manufacturers, in addition to those previously announced in the 2020-21 Mid-Year Economic and Fiscal Outlook.

    Subject to regulation changes, from 1 July 2021, eligible alcohol manufacturers will be entitled to receive an automatic remission of 100 per cent (full offset) of their excise duty liability. The maximum amount of remission will also increase to $350,000 per financial year.

    Under the current scheme, eligible manufacturers must lodge their excise return, pay their full excise duty liability and then apply for a refund of 60 per cent of the duty paid (up to a maximum of $100,000), using a separate form.

    From 1 July 2021 there will no longer be a requirement for the excise duty to be paid, and the amount of remission will equate to a full offset of the excise duty liability until the maximum amount has been reached.

    All eligible participants in the current excise refund scheme for alcohol manufacturers will be eligible for the automatic remission, and the existing eligibility criteria will continue to apply

      Last modified: 03 May 2021QC 64441