Business
$250,000: Major tax cuts announced – Yahoo Finance Australia
The Treasurer has announced tax breaks on the cards for one industry that could save up to $250,000 a year.
Treasurer Josh Frydenberg has announced tax cuts in upcoming Budget (Source: AAP)
Treasurer Josh Frydenberg has announced tax breaks for distillers and breweries that could see savings of up to $250,000 a year.
The changes will be set out in this months budget and will triple the amount of alcohol producers can sell before excise tax applies.
Currently, brewers and distillers can claim 60 per cent of paid excise up $100,000 a year, but under the changes this will be increased to up to $350,000 a…
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