Alcohol industry begs for a tax break

January 15, 2021

This comes as a result of the continued prohibition in the country.

South Africa is currently in the midst of its third ban on alcohol. Recently, the President announced the current ban will be extended until 15 February. The alcohol industry has begged the government for a tax break as they are facing serious financial difficulty during this time. On average, SARS gets R2.5bn from the wine industry in tax. The industry was granted deferment of at least R5bn in excise tax payments for July and August 2020 when the government banned alcohol sales with immediate effect. The industry has since honoured these payments to SARS from October 2020 when sales were back in operation