Tax increases fuel car, beer price hikes
January 05, 2004 | 17:42
Tax increases effective from January 1 have resulted in a price rise for automobiles and beer that may affect sales.According to an industry source, the price of automobiles and canned beer has increased by more than 20 per cent and 10 per cent respectively as a result of amendments to special consumption tax (SCT) and value-added tax (VAT).
Mobile Version