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The local manufacturing sector is among the gainers in the proposed amendments to the Finance Bill 2024 after exemption of Eco levy on locally manufactured goods including packaging materials, batteries, and hygienic products. However, brewers and alcohol distillers are to pay excise duty on alcoholic beverages on the basis of alcohol content and not volume. Here is Regina Manyara with a comparative analysis on the would be impact if the proposed amendments are adopted.
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Local manufacturers to gain from proposed amendments to Tax Bill 2024
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