3:38 am - Tuesday, January 23 2018
Home / News / FINANCE/TREASURY BOARD-Amendments to Clarify Retail Sales Markup Allocation

FINANCE/TREASURY BOARD-Amendments to Clarify Retail Sales Markup Allocation


Government has amended regulations to provide clarity regarding the Retail Sales Markup Allocation for locally produced alcoholic beverages sold by manufacturers.

The Liquor Control Act gives the Nova Scotia Liquor Corp. (NSLC) the authority to set liquor pricing in Nova Scotia. The amended regulations provide clarity to industry regarding current practice for the Retail Sales Markup Allocation.

At NSLC outlets the difference between the retail price and the amount paid to producers for their product represents markup revenue for the NSLC.

At Nova Scotia breweries, distilleries and wineries that sell on their premises, the business owner retains the markup but is charged the Retail Sales Markup Allocation.


Source: Release

About Haligonia Editors

See news happening near you? Tell us. Click here to email our team.

 

The views and opinions expressed in this content are those of the author and do not necessarily reflect those of haligonia.ca.

You might also like...

Invest Nova Scotia Welcomes New Board Members


Eleanor Beaton of Windsor and Charlotte Murray of Halifax were announced as new members of Invest Nova Scotia’s board of directors today, Jan. 22.

Ms. Beaton has spent her career helping professional women and business owners build the...

Leave a Reply

Your email address will not be published. Required fields are marked *