Jump to content

FET 2018 Tax Reduction

Recommended Posts

Happy holidays everyone. I’m sure everyone is aware of the 80% FET reduction that will go into effect January 1.  Much needed, I’m sure we will all agree  

Has anyone been advised whether that new rate will apply to spirits removed from bond in 2018, or that spirits produced in 2017 but removed in 2018 will be subject to the 2017 FET rate? 





Link to comment
Share on other sites

The new rate of $2.70 applies to any product removed from bond on or after January 1st. Side note: if you are you a compliance service like Whiskey Systems, Distillery Solutions, etc. you should check with them to make sure the software is updated - if not you may have to report and pay 'old school' for the first few periods.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...