The trend of complication of Russian beer market is going on and in several directions at the same time. The range has got wider, the import and small segments are growing, namely craft beer, alcohol-free beer and special flavor beer. At the same time, all ex-mega brands and light lagers by Russian brewers are experiencing a decline of their shares. AB InBev Efes, Heineken, MBC and Pivzavod Trekhsosenskiy have exceeded the market, Carlsberg was developing slower than the market and Ochakovo as well as some other mid-sized breweries have been cutting down their volumes. To a big extent brewers’ performance was connected to their ability to reach agreement with networks, sacrifice their margin and enter new markets. Craft brewers are facing a serious danger of producers’ registration introduction – de facto licensing. ...
The global outlooks of the legal market of cannabis are excellent. It is possible to simultaneously imagine dry law repeal and craft brewing boom but not in one but in several consumer categories. For alcohol is contained in liquids and cannabis derivatives can be in three physical forms. The value of legal market of cannabis and its products can reach 10% of the world beer market in five years, and in 2030-2040 even reach the same scope provided the current rates of legalization and development of market infrastructure remain at the same level. Cannabinoids are actively integrating into the food industry from chewing gum to beverages deforming the pharmaceutical and alcohol markets, they influence the trends of healthy lifestyle and beauty. ...
Beer market of Kazakhstan acquired both traits of East European countries and South Eastern Asia taking a transitional position between them by many criteria and consumption style. Yet there is a positive trend in beer production which differs Kazakhstan from most of the neighboring countries. The market has remained consolidated in the hands of two international players because of its small size. However, it faces dynamic processes such as fast growth of draft beer sales, up and downs of regional companies and Carlsberg Group’s ultimate expansion. Excessive mainstream segment has declined over the recent years, yet, Zhigulevskoe and national brands with regional links have yielded their positions to a range of new products. In our review special attention was paid to regional analysis of the markets. In 14 regions of Kazakhstan we compared the companies’ positions, the market price segmentation and DIOT channel development. Besides we have compared the beer market of Kazakhstan to neighboring countries. ...
Myanmar. Alcohol and cigarette taxes get complex
Next year’s tax rates were approved just days after a special tax law was enacted on January 18. This earlier law, published in state media, provides guidance for taxpayers and government staff, setting out a framework for how items such as cigarettes, liquor, forestry products, cars, oil, gems and jewellery will be taxed in future.
This framework includes more specific rules than have been issued in the past, and aims to reduce tax evasion, said U Kyaw Kyaw, deputy director general at the Ministry of Finance in Nay Pyi Taw.
The framework also details penalties for tax dodgers, and tax breaks for income and commercial tax payers. Specific rates on goods, on the other hand, are included in the 2016 Union Tax Law and will be made public once the law has been approved by the president.
Since 2014, parliament has announced tax rate changes for each fiscal year annually through a Union tax law, which parliament approved unusually early this year.
If approved by the president, the law will take effect on April 1, after the new National League for Democracy-led government has taken power.
U Kyaw Kyaw said parliament passed the law early so as not to burden the new government.
Most taxes will remain the same as last year, to avoid confusion, U Kyaw Kyaw said, though income tax will be cut for those in the lowest brackets, and the tax on raw gem sales will rise to 20pc from 15pc.
Tax on value-added jade and gems products, such as jewellery, will remain unchanged at 5pc.
The most marked change is to taxes on alcohol and cigarettes. The 2016 Union Tax Law includes 16 different rates for alcohol, and six for cigarettes, compared with a single rate for each item under last year’s law.
Taxes on imported alcohol and cigarettes will remain the same as for this year, at 60pc for alcohol and 120pc for cigarettes, while rates for their locally made counterparts will fall.
The lower tax rates for domestically made cigarettes were enacted to ensure clarity, as more foreign investors are now doing business in Myanmar, U Kyaw Kyaw said. “We modified the law to be more specific in some areas, and we wanted to base taxes on market prices to prevent transfer pricing.”
Local cigarettes are currently taxed at the same rate as imported ones, but from April 1, 20-cigarette packs with a market price of K400 will be taxed K60 each. Taxes will rise gradually, depending on price, to K300 for packs costing more than K800 each.
The government had initially proposed a 120pc tax on local cigarettes costing more than K3000 a pack, but the Pyidaungsu Hluttaw’s joint bill committee decided against it.
The government draft law also included nine alcohol tax brackets, but the bill committee finally decided on 16 (see table). These range from K56 per litre of liquor or beer sold for less than K500, to K3375 on each litre sold for K10,001-K20,000. Beer or liquor priced at more than K20,000 per litre, as well as imports, will be taxed at 60pc.
In the draft bill, the Union government had proposed levying a 60pc tax on all beer and liquor sold at more than K10,000 per litre.
The government had also proposed taxing all wine at a single rate – 50pc of the market price – but the hluttaw committee instead came up with 16 different rates for locally produced wine (see table).
The committee made a number of other changes to the original government draft including raising the tax revenue target for the coming year to K2.4869 trillion, adding K1.4 billion to the original figure.
This does not include the income expected to come from a 5pc commercial tax on apartments sold to foreigners under a new condominium law.
The committee also added a provision aimed at encouraging people to disclose their source of income, as proposed by U Win Myint, the Pyithu Hluttaw representative for Hlaing township.
If the source of income can be proved, it will not be taxed if it is spent on buying, developing or starting a business, or buying a property. Those who cannot offer proof will be taxed 15pc on invested income, if their total income is lower than K30 million, 20pc if it is lower than K100 million and K30pc on any additional income.
The only changes to income tax are to the lowest bracket – this year, income of less than K2 million is tax-free, and 5pc tax is charged on income between K2 million and 5 million.
Next year, those earning less than K4.8 million a year will be exempt from paying tax.
Income between K4.8 million and K5 million will be taxed at 5pc, income up to K10 million will be taxed at 10pc, 15pc will be charged on income up to K20 million, 20pc on income up to K30 million and 25pc on anything above K30 million.
The new bill also includes incentives for reporting on tax evasion – 10pc of each penalty collected by the Internal Revenue Department will be paid to the informer, and 20pc to the investigative team. Whistleblower identities will not be made public.
This provision was not included in the government’s original draft of the bill, but was added by the bill committee, with a view to reining in tax evasion, U Thein Tun Oo, Pyithu Hluttaw representative for Mandalay Region’s Amarapura township, told parliament on January 22.
The government continues to struggle with tax evasion.
The Large Taxpayers Office, set up in 2014, has met with some success by holding an annual awards ceremony to publicly congratulate corporate taxpayers, but this approach is harder to orchestrate on a wider scale.
26 Янв. 2016