{UAH} Uganda proposes doubling excise duty on cement in 2016 – 2017 budget

Uganda proposes doubling excise duty on cement in 2016 – 2017 budget

Written by Global Cement staff
21 March 2016

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Uganda: Excise duty on cement is set to be doubled in the 2016 – 2017 budget as part of a set of measures designed to increase government expenditure. The excise duty charged on a 50kg bag of cement is to be raised to US$0.29 from US$0.15. Industry commentators in local press have warned that this could raise market prices, depress consumer demand and discourage new investments. Other commodities affected by the increased duties include petrol and vehicle lubricants.

"Cement is a very price sensitive product among retail buyers and the proposed tax increase could suffocate demand patterns. This situation has partly resulted in relatively small margins of about $0.05 earned per bag among local dealers. I feel the excise duty rate on cement should have been kept stable to allow producers and agents to remain afloat under difficult economic conditions," said Joseph Kitone, a hardware dealer quoted by the East African newspaper.

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Gwokto La'Kitgum

"Even a small dog can piss on a tall Building", Jim Hightower

"But this I know, UPC believed and still believes in

very high education. We can call Obote all bad names we have, but the bottom line remains that he got more scholarships for Buganda than all previous Uganda leaders combined. That includes Sir Edward Mutesa, President Lule, President Binayisa, up to and into Ssabasajja Mutebi. Who all happen to be Baganda leaders." Mulindwa

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