TAXES ON CIGARETTES INCREASED BY PARLIAMENT AHEAD OF THE BUDGET READING

TAXES ON CIGARETTES INCREASED BY PARLIAMENT AHEAD OF THE BUDGET READING

By Alice Lubwama

Parliament has passed the Excise duty amendment bill 2017 maintaining 20% excise duty on sugar confectioneries.

Under the new law, the excise duty on soft cap cigarettes locally manufactured has been increased from 50,000 shillings per 1000 sticks to 55000, while the excise duty on imported soft cap was increased from 50,000 to 75000.

The excise duty for imported hinge lid cigarettes has been fixed at 100, 000 shillings per 1000 sticks.

The excise duty on non-alcoholic beverages excluding fruit and vegetable juices was maintained at 240 shillings which is 13% .

Presenting the report of the parliamentary committee on finance, planning and economic development on the bill, the chairperson also Rubanda East MP Henry Musasizi said that Uganda currently has the highest excise duty on locally manufactured cigarettes in the region which affects its competitive advantage from the growth and investment point of view.

Photo Credit: JPR Arts

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