Macao abolished imported tax of low alcoholic drinks

Macao SAR government announced to abolish all the imported alcoholic drinks tax with alcohol content under 30% since Aug. 26th. It means that wine retail prices in Macao will drop 10%.

Liang yingxiu, the director of  Macao Museum Stores Association, said that retailers and distributors usually keep stocks for one to three months, though the government abolished taxes of  the low alcohol content drinks, which including beer and wine, retail prices in the market will  turn out after at least three months.

Liang yingxiu pointed out that Macao wine business has reduced more than 30% after Hong kong zeroed its wine tax. Macao’s change in tax is expected to attract more imported alcoholic beverage and make the local wine market more diversified, thus benefit the restaurant and tourism.

 “The distributors and retailers will eventually give the benefit of reduced tax to the comsumers, wine prices will drop about 10%.”She said.