Delta pays US$20m sugar tax in 9 months

DELTA Corporation Limited has paid US$20 million in sugar tax since February, which has made the beverages firm uncompetitive regionally, executives said this week.

The sugar tax came into effect at the beginning of this year, compelling firms in the beverage sector to pay US$0,02 tax on every gramme of sugar contained in beverages.

The tax was in March revised to US$0,001 on every gramme after an outcry by beverages players.

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