Digital taxes are upending growth, says Nile Breweries boss
Uganda, Feb. 25 -- You are familiar with at least one of his products. His target market is the populace, which the company adores since Ugandans drink daily to cheer themselves up on bad days and remember the good ones. And because his company sells more, the tax authority now makes the most of Nile Breweries Ltd (NBL) ability to sell to the masses by collecting large sums of money in value-added tax (VAT) and local excise duty (LED).
However, in its short year in office, Mr Adu Rando's administration has engaged in some battles that it did not initiate. Last year, NBL was hit with a Shs18.5 billion tax liability just before Christmas. Businesses were at the time calculating their turnover, giving out Christmas gifts, and considering wh...
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