More tax relief for drinks companies: how will it improve your excise refund?
There’s good news if you’re an Australian brewing, distilling or wine-producing company – you’ll soon be able to claim increased tax relief, to help you reduce your tax burden.
Let’s take a closer look at what the extended relief will mean for your business.
At the moment, your brewing and distilling business can get a full refund of any excise paid up to $350,000 each year. The Government has announced that it will increase the excise remission cap to $400,000 for all eligible alcohol manufacturers.
The Wine Equalisation Tax (WET) producer rebate will also be extended from the current $350,000 producer rebate to $400,000.
These proposed changes to legislation will come into effect from 1 July 2026.
As a drinks producer, your tax burden can be a major drain on cashflow and profits. This announcement of increased tax relief will bring down your tax costs, and should be seen as a spur to check whether you’re claiming all available allowances and reliefs.
Talk to our team about exploring all potential tax reliefs and government incentives, so you’re not spending a cent more in tax than you need to.
