Kampala — The carbonated soft drink industry in Uganda has protested the new Excise Duty tax increments on the industry which they say are going to impact the industry negatively.
Mr Amos Nzeyi, the director Crown Beverages Ltd, said if government does not implement the earlier agreed rate reduction from 13 per cent to 10 per cent, the industry will suffer. "We shall experience job cuts due to limited sales volumes. We shall also not be able to expand production and create more jobs. The government will also lose out on taxes in the long run," he said.
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