By Tabora Bojang
More than 200 jobs will be axed unless government revises the heavy tax levied on Banjul Breweries Limited, The Standard has been reliably told over the weekend.
The Standard visited the BBL premises, the country’s only producer of beer and other alcoholic and non-alcoholic drinks, to talk to the staff.
According to the staff, some of them with over 20 years experience, the unintended impacts of the new domestic excise tax imposed on the company by the Gambia government as part of a tax reform measure in 2019 is disastrous and killing the business.
The company believes the new measure that increased its domestic tax from 10 to 75% is not feasible under the current situation and has put the company at a huge competitive disadvantage and is almost certainly heading for closure.