{"id":22211,"date":"2016-03-04T16:23:24","date_gmt":"2016-03-04T08:23:24","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=22211"},"modified":"2018-08-24T00:38:42","modified_gmt":"2018-08-23T16:38:42","slug":"costlier-beer-and-stout-after-tax-revision","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/costlier-beer-and-stout-after-tax-revision","title":{"rendered":"Costlier Beer And Stout After Tax Revision"},"content":{"rendered":"

They say that the best things in life are free \u2013 unless you love beer, then you\u2019ll have to fork out more for your favourite beverage from now.<\/p>\n

The Government revamped the alcohol tax structure on March 1, which simplifies the taxing of the beverages by basing this on the alcohol value per litre of each product.<\/p>\n

Prior to the revision, alcohol tax was at 15% and it was last revised 10 years ago.<\/p>\n

With the new alcohol tax structure, tax payable for beer is expected to go up by an additional 10% and even up to 100% for brews with strong alcohol content.<\/p>\n

Before this, a 320ml can of regular Tiger and Carlsberg typically went for about RM10.50, while a 500ml can of Guinness retailed at RM15.40. Carlsberg Special Brew was priced at RM14.70 per can.<\/p>\n

The increase will likely translate to a several ringgit hike for these products. It is forecast that stout could see the highest hike in taxes.<\/p>\n

In response to the new tax structure, Guinness Anchor Berhad (GAB) managing director Hans Essaadi confirmed that the company had made price adjustments to its products.<\/p>\n

However, he expressed concern that the latest development might result in an increase in demand for illicit and unregulated alcohol products.<\/p>\n

As is, Malaysia has had the third highest tax on alcohol worldwide, behind Norway and Singapore.<\/p>\n

Malaysia also has the 10th largest drinking population worldwide, spending an estimated RM2 billion annually on alcoholic beverages.<\/p>\n

[<\/em>Source 1<\/em><\/a>] [<\/em>Source 2<\/em><\/a>] <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Happy hour just got a lot costlier with more expensive beer and stout following the revised alcohol tax structure on March 1.<\/p>\n","protected":false},"author":34,"featured_media":22212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[256,216],"tags":[],"class_list":["post-22211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","category-news-updates"],"acf":[],"yoast_head":"\nCostlier Beer And Stout In Malaysia After Tax Revision | iMoney<\/title>\n<meta name=\"description\" content=\"Happy hour just got a lot costlier with more expensive beer and stout following the revised alcohol tax structure on March 1.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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