East African Breweries Limited (EABL) is expected to significantly increase keg beer prices in about two weeks when fresh tax regulations introducing excise tax on the product come into effect. The low-end beer variety that was previously exempt from the excise will now attract tax at the rate of 50 per cent starting October 1, a burden that is most likely to be passed on to consumers. The measure is likely to pile pressure on the brewer battling to reverse a substantial fall in profit, more so in three years when the tax concession is fully phased out. Via businessdailyafrica/Corporate+News/Keg+beer+prices+set+to+go+up+/-/539550/1995172/-/v8xy6l/-/index.html
Posted on: Tue, 17 Sep 2013 08:11:16 +0000
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