Coronavirus regulations: Deferral of the payment of excise taxes on alcoholic beverages
By Christian Eedes, 23 April 2020
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As part of measures to help businesses stay afloat and pay their employees and suppliers, the National Treasury today announced a deferral of the payment of excise taxes on alcoholic beverages and tobacco products. Due to the restrictions on the sale of alcoholic beverages and tobacco products, payments due in May and June will be deferred by 90 days for excise compliant businesses to more closely align tax payments through the duty-at-source system (excise duties are imposed at the point of production) with retail sales. This is expected to provide short term assistance of around R6 billion.
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