Government suspends planned increase in beer prices



Government suspends planned increase in beer prices
The government of Cameroon through the Ministry of Trade has suspended the initial decision it took to increase the prices of beer and other alcoholic drinks by the 1st of January 2015 as contained in the 2015 finance law voted by parliamentarians during the November 2014 session of parliament. The decision was taken following a crisis meeting at the prime minister”s office in Yaounde on the 31st of December 2014 between government and consumer associations.
 According to the Cameroon Consumers League, LCC, that was able to mobilise 5000 signatures in three days for a petition that was tabled to government denouncing the announced increase, if such increase was to be effected as contained in the finance law, then between 150fcfa and 600cfa will be added for each bottle of beer sold.
LCC is also accusing the Minister of Finance of having decided to revise excise duties in the said law without consulting all the parties involved in conformity with the regulations susceptible to creating social tension in the country.
Following the 2015 finance law promulgated by parliament, in its section VI, sub II, stipulates that: dispositions relative to value added tax and exercise duties that, for specific cases of alcoholic drinks, the amount of exercise duties of a 25% rate can only be less than: 250 for a litre of beers, 150 by degree of alcohol for wines, liquors and spirits for a % of alcohol between 0 and 24 degrees, 200f by degree of alcohol and by litre for wines, liquors and spirits having alcohol % btn 25 and 50degrees and by litre for wines and 250 for wines having alcohol content of more than 50 degrees.
Given that the 2015 finance law was already voted by parliament and promulgated by executive power, the temporal measure taken by government through a communiqué signed by the Minister of Commerce Luc Magloire Mbarga Atangana to suspend the increase in prices of beer is only seen as a temporal deicision to delay the application of the law which will soon go into effect.

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