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No, the price drinks has not increased in Cameroon

No, the price drinks has not increased in Cameroon

Paru le samedi, 13 janvier 2018 03:03

Some traders say that the 2018 finance act consecrates an increase in the taxes on drinks. True?

Since January 1, 2018, some bar operators in Yaoundé have increased the prices of some beers by CFA50 or CFA100. According to information gathered with beer wholesalers, the breweries in the country used to supply the crate of beer at CFA6600, this, to allow a CFA100 reduction for retailers. However, they are not doing that anymore, the syndicate of beer retailers explains. So the retailers who buy the crates without the discounts are obliged to increase the end-prices.

In a note published on January 10, 2018, Luc Magloire Mbarga Atangana, Cameroon’s minister of commerce opposes these increases. “The 1-liter bottles which were sold at CFA500 are now sold at CFA600”, he deplores and stresses that “the extension of the tax base should not lead to an increase of prices in markets”.

Moreover, in the 2018 finance act as well as in the circular of the minister of finance on the execution of the finance law, there is no mention of an increase in taxes on drinks.

Dernière modification le samedi, 13 janvier 2018 03:06

● Fact Cheking