The potential payout would exceed a third of Pernod Ricard’s annual profit as it faces mounting legal and regulatory pressure in its largest market by volume. Read More
Tax
French spirits giant Pernod Ricard remains locked out of one of India's most important alcohol markets after the Delhi High Court upheld a government decision to deny the company a wholesale liquor licence, extending a regulatory battle that has dragged on for more than three years. Read More
India’s southern state of Karnataka will introduce a new alcohol tax system based on Alcohol-in-Beverage (AIB) from April, a reform that could lower prices for beer and wine while potentially increasing taxes on stronger spirits. Read More
Thailand will abolish a long-standing rule that allowed only one importer to represent each wine brand in the country, a move aimed at increasing competition and lowering prices in the market. Read More
Travelers will be allowed to bring two bottles of wine into Taiwan, doubling the current limit. Hong Kong wine and spirits merchants may stand to be the biggest beneficiaries. Here’s why. Read More
Following Hong Kong's pivotal wine tax removal in 2008, the city is now eyeing a similar tax break for spirits in a bid to revitalize its ailing dining and nightlife scene and position itself as a global hub in the US$730 billion spirits industry. Read More
Hong Kong lawmakers are advocating for the removal of the 100% spirits tax to transform the city into a regional hub for spirits consumption and trading, mirroring the success achieved with wine. Read More