Business captains have asked the government to reduce excise duty on beers locally brewed saying the 40 per cent taxes are choking the beer industry.
Malawi Confederation of Chambers and Industry (MCCI) chief executive officer Chancellor Kaferapanjira said this Tuesday in Lilongwe when Finance Minister Goodall Gondwe held pre-budget session.
Kaferapanjira said the 40 percent taxes on local beers is stifling the beer industry which he said is a source of employment in Malawi.
“The beers produced in Malawi rake in a lot of money but the 40 percent tax is prohibitive,” said Kaferapanjira.
Gondwe said the government would look into the issue.
He was quick however to say this is not the time to slash taxes but collect more taxes following the freeze of donor money.
“The government needs more money at this point. This is not the time when people should be saying that some should not be paying taxes,” said Gondwe.
Malawi Economic Justice Network executive director Dalitso Kubalasa urged the government to bring in an investment that would be making fertilizer.
He said the government continue to be losing huge sums of money through forex when importing fertilizer.