April 13, 2024

Bella Wine boss reveals why alcohol firms will soon shutdown

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The Executive Director of Bella Wine in Kampala, Prudence Kasibante Ukkunika, is concerned that high taxes levied on alcohol-producing industries may soon drive them out of business.

The meeting, which was organized by UIA together with other government investment implementing agencies and the already existing investors, sought to understand and get feedback from the investors on how to facilitate them.

Ukkunika expressed her disappointment with the Uganda government and its tax body, the URA, for the heavy tax burden they recently introduced on the alcohol and brewing industries. She argues that ever since these taxes were introduced, the cost of production has increasingly become too expensive for their business to survive.

She noted that it’s indeed good for any organization, company, or industry to pay tax because they grow any country’s economy, but hastened to add that it should always be a win-win situation.

That, whereas she has been paying taxes for the last 15 years, the recently introduced taxes are a recipe for disaster.

She told our news reporters that “If you dare to tamper with Bella Wine to close, it’s the government to lose, not me as Prudence Ukkunika because I am employing young Ugandans and buying lots of raw materials from farmers.”.

She informed the public that previously, brewing industries had been paying Shs500 profit on each bottle to URA. But this has now been increased to Shs5,000, which is making it so hard for their business to thrive.

In conclusion, She says the whole alcohol industry sector is bleeding, and once out of business, all those in the chain of production, including fruit farmers and employees, will be affected.

written by @enock katamba

Mr. katamba Enock: Professional designer with experience in web designing who started this activity in 2019 at Kyambogo University after graduation . Contact me on : (+256-758287080)

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