ST. JOHN’S, NL – The Government of Newfoundland and Labrador has announced a set of tax breaks for craft breweries and other small alcohol producers in the province.
Unveiled yesterday during a media conference at Dildo Brewing, the changes that will affect the local brewing industry include:
- A 50% reduction in tax on the first 250,000 litres of beer sold directly from the brewery each year.
- An increase to 40% – up from 33.3% – of the tax reduction on the first 1 millions of beer sold annually via NLC stores. The reduction will remain at 33.3% for the next 250,000 litres, and will then decrease further.
- Permitting “brew-your-own” businesses to operate in the province for the first time.
For more details, see the full media release.