BREAKING NEWS

Hike on beer sales tax to increase state revenues

By JPOST.COM STAFF

APRIL 24, 2013 15:38

The Knesset Finance Committee approved a decree to raise the sales tax on beer Wednesday, Israel Radio reported.

The hike would double the tax paid for a liter of the drink to a sum of about NIS 4.20, which the Treasury estimated would profit the State by about one quarter of a billion shekels a year.

The purpose of the decree was to increase state revenues, but also to reduce incidents of drunkenness, Finance Committee chairman Nissan Slomiansky (Bayit Yehudi) said.

Small brewery owners have warned that many employees could lose their jobs due to implications of the tax increase.

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