Uganda: Govt Eyes Billions in New Taxes On Beer, Cigarettes
5 Articles
5 Articles
Uganda: Govt Eyes Billions in New Taxes On Beer, Cigarettes
The Ugandan Ministry of Finance has proposed significant tax hikes on cigarettes, locally brewed beer, and imported goods, aiming to generate billions of shillings for infrastructure development and public health initiatives.
Gov't Proposes Tax Increases On Cigarettes & Locally Manufactured Beer To Boost Revenue
By Spy Uganda In an effort to generate additional revenue and address public health concerns, the Ministry of Finance has proposed tax increases on cigarettes and beer manufactured from local raw materials. The measure, expected to raise UGX 19.40 billion, comes amid pressure from the health sector to curb tobacco consumption due to its associated…
BREW-TAL ATTACK! Beer Prices Soar in Savage Tax Assault!
Beer prices are set to skyrocket as a brutal tax attack hits pubs and breweries, leaving fans reeling from the massive hike. The Ministry of Finance has proposed a significant increase in excise duty on beer manufactured from local raw materials, sparking concerns among beer enthusiasts. The tax rate is set to rise from Shs650 to Shs900 per liter, a 38% hike. Minister of State for Finance Henry Musasizi emphasized that the tax adjustment is nece…
Gov’t To Increase Taxes On Beer, Cigarettes » Business Focus
Government through the Ministry of Finance has proposed to increase taxes on cigarettes and beers manufactured from local raw materials in order to generate Shs19.40Bn. Government argues that it has been under pressure from players in the health sector to have the tax on tobacco increased so as to reduce on the health risk associated with smoking in Uganda. The revelation was made by Henry Musasizi, Minister of State for Finance while appearing …
Gov’t Plans Tax Hike on Cigarettes and Beer for Revenue, Health Benefits
Summary: Defending the government’s position, Minister Musasizi stated, “Increasing the duty will not only align with inflationary trends but also serve a public health objective by discouraging tobacco consumption, which imposes significant health costs on the economy. Raising the excise duty on beer manufactured from local raw materials will ensure fair taxation and enable government revenue to keep pace with economic realities.” KAMPALA: The …
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