LIQUOR INDUSTRY
Diageo toasts win in Cape Velvet tax case
Court finds on appeal that liqueur qualifies for lower excise tax rate
09 July 2023 - 20:00
Diageo SA, a subsidiary of a British liquor company, has emerged victorious in a high court appeal on the lower excise tax rate it will pay on its Cape Velvet Cream liqueur.
The company produces spirits such as Smirnoff Vodka, Tanqueray gin, Captain Morgan rum, Johnnie Walker and J&B Whisky...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.