Japan: Update to Japan's Liquor Tax
Link to report:
This report highlights the harmonization of specific liquor taxes on alcoholic beverages that took effect on Oct.1st, 2024. U.S. exports of these products are not directly affected, but exporters should be aware of these changes. Japan also imposes a 10 percent consumption tax on all alcoholic beverages, which continues to be a consideration for price-conscious consumers. It and may affect preferences for less expensive domestic options vs. imported alcoholic beverage products, that typically demand premium pricing.
