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Zambian Breweries Welcomes Clear Beer Exercise Duty Reduction
Zambian Breweries has welcomed the government’s announcement of a reduction in excise tax on clear beer.
In his 2016 Budget submission to Parliament, Finance Minister Alexander Chikwanda, announced that excise tax on clear beer will be reduced from 60 percent to 40 percent.
The move is intended to restore competitiveness in the local clear beer industry, encourage investment and curb smuggling and the consumption of illicit alcohol.
And in a statement to the media, Zambian Breweries Managing Director Annabelle Degroot says her company commends the government for taking this move to increase productivity in the clear beer sector and stimulate forward and backward linkages.
Ms. Degroot says this gives her company the confidence to invest further in its business for the long-term, thus creating more employment and stimulating purchases of agricultural inputs from local farmers.
She is of the view that the revised rate would increase revenue collection for the government in the medium and long term, as well as create additional employment.
Posted by Editor
on October 11, 2015. Filed under LATEST NEWS.
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Munyumbwe
October 11, 2015 at 7:20 am
Good move ba ABC. It is infact when you increase duty on some products like clear beer, this has a trickle down effect on a number of players like farmers. Consumers of this product will think of an alternative like Kachasu which would be cheaper.
Shaka Zulu
October 11, 2015 at 7:43 am
More hangovers next year. What a nation!
New Educated Zambia©❤√
October 11, 2015 at 8:11 am
Meanwhile they want to ban drinking during their prayers.if drinking is so anti prayer as they want us to believe then why implement pro consumption policy? The pf are dull because production will not improve when loadshedding is order of the day.
Advocate
October 11, 2015 at 8:50 am
Someone is preparing for his retirement from office so that he finds his favourite affordable in the outskirts of Lusaka.
New Educated Zambia©❤√
October 11, 2015 at 9:03 am
Kikikikiki 😂
Jinx Popo
October 11, 2015 at 9:18 am
What a way to support manufacturing industry…!!
vubwi 1
October 11, 2015 at 9:23 am
The price of kachasu will as well go down, to balance the market price,(boam 1 ltr = k 4)
Hello Haters
October 11, 2015 at 9:49 am
Instead of money in your pockets, it’s more beers in preparation for 2016 elections,for people to be disoriented when making decisions in 2016, that’s pf for you.
General
October 11, 2015 at 10:11 am
Twanwa nafuti
General
October 11, 2015 at 10:13 am
Twanwa nafuti . Wat about another stapple food any plans.
General
October 11, 2015 at 10:16 am
I mean mealie meal as second to beer.
DUMA
October 11, 2015 at 10:25 am
Emano aya ABC. Efyo twavotele Lungu ifi. Nafuti nafuti
kubweka
October 11, 2015 at 11:55 am
I think this is just a deal for ZB to fund the PF with money for campaigns in next years elections. It would have made sense for tax to be cut down so the take home salaries would be better.
mwansa
October 11, 2015 at 1:55 pm
Useless move! Meanwhile fertiliser prices are ever going up. Are we going to feed on beer next year?
ex-pf
October 11, 2015 at 2:51 pm
But the cost of drinking is reduced but the cost of drinking is increased. Zambia!!!!!!
Greg Makaveli
October 11, 2015 at 2:55 pm
Everything else is increasing except beer,what a strange country!
SIMON
October 11, 2015 at 4:06 pm
E LIFE MFWAYA. BRAVO…!
Easy p
October 11, 2015 at 5:27 pm
You ar fond of critising anything
kens
October 11, 2015 at 5:52 pm
Pipo who drink are so excited,not knowing that cakolwa nga akolwa afwaya ukulya.now we will be experiencing more deaths and more imilamba,due to over drinking without food.Hence more job loses due to job absentism and drunk on duty.mostly in mines.
mwansa
October 11, 2015 at 6:27 pm
They want people to be perpetually so that they forget about their miseries. Surely of all problems we are facing the only thing they can think of is to provide incentives for alcohol production?? Strange country indeed!
mwansa
October 11, 2015 at 6:27 pm
They want people to be perpetually so that they forget about their miseries. Surely of all problems we are facing the only thing they can think of is to provide incentives for alcohol production?? Strange country indeed!
richard
October 11, 2015 at 6:45 pm
Twanwa nakambi
one tim
October 11, 2015 at 7:29 pm
whether they increase or reduce people still drink beer.
Quel
October 12, 2015 at 2:22 pm
is this what u call a christian nation?