TTB Issues Industry Circular On Calculating Effective Tax Rates For Certain Domestic And Imported Distilled Spirits

On June 27, 2018, we issued Industry Circular 2018-4, which provides guidance to distilled spirits plants and importers on calculating effective tax rates under 26 U.S.C. 5010 for distilled spirits products that contain eligible wine and eligible flavors and that are subject to reduced tax rates under the Tax Cuts and Jobs Act of 2017 (the Act).

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