PROHIBITION
Fiscus loses R38bn from sales ban, liquor industry says
The liquor industry is one of the biggest contributors to state coffers, accounting for about R46.8bn in excise tax in 2019
18 February 2021 - 17:28
The alcohol industry has reported just over R36bn in lost sales revenue because of the three bans on the sale of liquor, while the tax revenue loss for the state amounted to R29.3bn.
In addition, direct excise tax revenue lost was R8.7bn...
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.