Germany: Small breweries to get a temporary tax break for beer production
Small German breweries would get a temporary tax break for beer production, under a bill approved by lawmakers on May 28, Bloomberg Tax reported.
The tax break is aimed at helping breweries still struggling from the Covid-19 pandemic and the shutdown of hospitality and tourism businesses.
Breweries producing less than 200,000 hectolitres of beer already pay a lower excise tax rate than larger producers, but the bill approved this week would see the volume of beer subjected to tax lowered to 50% in some cases.
The tax cut would apply to beer produced from Jan. 1 2021 to Dec. 31 2022.
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at email@example.com .