Soft drink makers warn of job sheds, costlier plastics

Soft drinks makers have urged Parliament to block a proposal to impose a 10 percent tax on locally manufactured plastics.

Photo credit: Shutterstock

Soft drinks makers have urged Parliament to block a proposal in the Finance Bill 2024 to impose a 10 percent tax on locally manufactured plastics, warning that it would trigger rises in the cost of business, packaged products as well as job sheds.

Coca-Cola told the National Assembly’s Committee on Finance and National Planning that the proposed change to the Excise Duty Act will subject locally made plastics to the tax.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.