Same 2007/2008 Finance Bill, Keroche’s main competitor- ‘Senetor Keg’ was zero rated to enable the low end market afford the product.There is no point has @KRACare ever supported us a local brewer .I don't need to add much on that statement because its crystal clear .
In the same budget speech Keroche’s Viena Fortified Wine(the pioneer for low end consumption and which had been in the market for 9 years)excise tax was hiked from HS Code Tariff 22.04 attracting 45% as excise duty to higher HS Code Tariff 22.06 attracting 60% as excise duty
Our competitor’s new product was given a tax incentive. This selective legislation was done on 2 occasions by two different Ministers for Finance.x
Once again, the logic was questionable as it demonstrated the overwhelming influence that foreign multinationals have over the decisions made by government agencies geared towards suppressing local enterprises.And that is really saddening.
Thank you for reading my thread.I hope and believe we will have a solution soon to save the 250 jobs and ensure we get back to building our nation.
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