Vietnam. Beverage companies seek tax delay

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Beverage companies seek to delay until the beginning of 2017 the application of amended regulations on calculating their special consumption tax, claiming they need more time to adjust their production plans. (more…)

Heineken eyes control of indebted Indian tycoon’s brewery

Heineken eyes control of indebted Indian tycoon’s brewery
Bottles of beer are seen on an assembly line during the opening ceremony of the Heineken Beer factory outside Yangon July 12, 2015. REUTERS/Soe Zeya Tun
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Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries, India’s largest brewer, three people with direct knowledge of the plan told Reuters. (more…)

India. Liquor set to become cheaper in Punjab

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The Punjab council of ministers on Tuesday approved the state’s excise policy for 2016-17, increasing the excise revenue target by Rs 400 crore from Rs 5,040 crore in the outgoing fiscal 2015-16. (more…)