WSSA Webinar: CBMA 2021 and Beyond!

Posted 01/12/2021

Craft Beverage Modernization Act: 2021 and Beyond

Wednesday, January 27, 2021

3pm EST

Join Alison Leavitt, Managing Director of WSSA, as she provides a complete overview on the changes from the updated legislation that brought the Craft Beverage Modernization Act to permanence. Learn what you can do to take advantage of the extended FET changes, understand the changes in the current process announced by CBP/US Customs, and plan for the upcoming programming changes in the CBP system. The webinar will include the CBMA basics – a brief background on the law, the steps importers must take to obtain the credits, as well as all that is new for 2021 and the big change expected in 2023.

In addition, we will discuss:

  • CBMA benefits for US importers/distributors
  • Rate structure and potential credits to be obtained for wine, beer and spirits
  • Three documents required for every CBMA claim
  • Two methods for obtaining the tax credits retroactively – Protests vs PSCs
  • What to do if you get a tax bill on an import shipment submitted at a CBMA rate
  • Overview of WSSA services surrounding CBMA

Participants will benefit from this webinar by acquiring:

  • A better understanding of the CBMA legislation
  • A clear knowledge of whether their organization is eligible to obtain the tax credits
  • Step by step process of where to begin and what you need to immediately pay the lower CBMA rate
  • Introduction to the potential savings and refunds available through these tax credits, which could ultimately result in an increased revenue stream, thereby growing company profits, increasing their bottom line, and enhancing professional performance!

CBP has been invited to attend and answer questions – to be confirmed!

Members join us for free, non-members $75. Contact to register for this exclusive webinar event!