Duties will fall from 150% to as low as 25% over a decade, though lower-priced wines will see no relief. Besides, hefty state taxes and regulations are still major hurdles.
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Two key subsidiaries of the drinks distributor owe RMB127 million in back taxes and late-payment charges. Their location highlights the role of regional tax incentives, but the company has not disclosed what triggered the bill.
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China’s wine merchants are seeing a paradox this Mid-Autumn Festival: customers are buying better wines without necessarily spending more. Falling prices are bringing prestigious labels within reach, but squeezing the margins of the businesses selling them. Read More
ASC Fine Wines has expanded its exclusive import and distribution agreement for Los Vascos to Greater China, extending a partnership with the Chilean wine estate’s owner, Domaines Barons de Rothschild Lafite, beyond Hong Kong to mainland China. Read More
Henry Tang, the former Hong Kong official who helped lay the foundations for the city’s duty-free wine trade, is putting more than 800 lots from his private collection up for auction at Christie’s next month. Read More
The Chianti Wine Consortium is using artificial intelligence and other digital tools to scan the global internet for counterfeit Chianti wine and improper use of the "Chianti" name. Read More
Authorities in Malaysia's Sabah state uncovered two separate liquor smuggling cases within a single week this month, the latest in a string of incidents that officials and industry observers link to the country's steep alcohol taxes and an unusual quirk in its tax code that has turned a nearby duty-free island into a smuggling gateway. Read More
Authorities seized 112 bottles and thousands of mooncakes near the Chinese border in an unusual case involving Chinese-made wine. Read More
The convenience store chain is discounting G7 and Yellow Tail as it seeks to make wine part of everyday drinking occasions.
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Years of discounting and tepid En Primeur campaign have discouraged importers from buying Bordeaux. Now, with the Mid-Autumn gifting season under way, merchants are struggling to find the 2023 Carruades de Lafite. Read More