Water producers group NASPAWAP joins plastic manufacturers to call for suspension of a 5% excise tax on finished plastics, citing price hikes in bottled water.
Water producers group NASPAWAP joins plastic manufacturers to call for suspension of a 5% excise tax on finished plastics, highlighting the strain it would place on consumers due to price hikes in bottled and sachet water. The association proposes an alternative approach that aligns with environmental goals, including reducing the environmental excise tax rate to 1% for imported plastic granules and imposing a 10% tax on the CIF value of semi-finished plastics imported into the country.
July 08, 2024
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