Grape Wall of China

A China Wine Blog: The Scene in the World's Largest Market

Hong Kong abolishes wine taxes: let the savings begin!

Posted on | February 29, 2008 | 1 Comment

By Jim Boyce 

As mentioned yesterday, Hong Kong has abolished its wines taxes in an effort to make the place even more important as a wine trading hub. China Briefing blog reports that the savings will be substantial:

As the duty on alcohol is paid on the wholesale cost of wine, Jeanette Paterson, general manager at Watson’s Wine Asia, Hong Kong’s largest wine supplier, said consumers would actually pay around 22 percent less in shops and bars.

Retailers in Hong Kong are already reacting, as the poster below shows (thanks to Campbell Thompson for passing it on). He received in in an e-mail with the title: “We Share Tax Reduction to All Wine Lovers
everwise-poster.jpg


Comments

One Response to “Hong Kong abolishes wine taxes: let the savings begin!”

  1. Vinography: A Wine Blog
    March 1st, 2008 @ 4:10 pm

    The Great Sipping Sound of Hong Kong…

    Mark my words: China is the next big thing when it comes to wine. Wine consumption that is. I’ve had more than a few Chinese wines that make it clear that they’ve got a long way to go when it comes to making decent table wine, but when it comes to dr…

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