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#522710 - 04/01/17 05:38 AM Soda and Beer Prices Going Up 25 Cents Per Bottle  
Joined: Oct 1999
Posts: 56,721
Marty Offline
Marty  Offline
Sin Tax In Effect: Soda and Beer Prices Going Up 25 Cents Per Bottle On Monday

Tomorrow, April first may be all fool's day - but, more importantly, it's also tax day! That's because its the first day of the fiscal year - a year in which government has to raise an additional 80 million dollars in taxes. 28 million dollars of that will come from "sin taxes" on soft drinks, beer and stout, and increased taxes on cement, and fuel.

And, so how much will that increase the cost of your favorite soft drink or beer? Well, for locally produced beverages from Bowen and Bowen, the cost of soft drink or beer will go up about 4 dollars per crate. That works out to an increase in the retail price of about 25 cents per bottle of beer or soft drink. Now, this may vary, due to the difference in various bottle sizes, but a senior company executive told us that 25 cents per bottle is about the average increase. He also told us that one or two products - which he didn't name - will not increase.

There's a great deal of secrecy involving the prices since the competition against imported beers and soft drinks is so fierce. There's also been a lot of stockpiling, with bars, restaurants and stores buying huge quantities of Belikin beer and soft drinks at the lower price - so that they can come up more than just a few cents when the price change goes into effect on Monday.

As for rum...we told you earlier in the week that the increase is expected to be between 33% and 50%, meaning somewhere between a three to five dollar increase on a quart. But, again, at this point, that has not been confirmed since all local rum producers are keeping their prices secret until next week.

As for the increased tax on fuel, those prices are also expected to go into effect at midnight tonight, but as this point, government hasn't sent the new figures to service stations.

Channel 7

#522812 - 04/05/17 05:59 AM Re: Soda and Beer Prices Going Up 25 Cents Per Bottle [Re: Marty]  
Joined: Oct 1999
Posts: 56,721
Marty Offline
Marty  Offline

Lighthouse And Guiness Not Affected By Tax Increase

Yesterday the new prices for various commodities in the market came into effect following the enforcement of the 2017-2018 Budget where the Government of Belize legislated an increase in excise levies for certain products. Beer, stout and soft drinks are in the list of products that were hit with the increase, among several others.

Bowen and Bowen limited has confirmed the new set prices for these products, clarifying that only certain of their products witnessed an increase of four dollars per crate or twenty five cents in retail price.

The new prices and list of products affected by the increase are as follows: The one-dollar twelve-ounce bottle increased from seventeen dollars and fifty five cents per crate to twenty two dollars and ninety five cents and now sells in retail for one dollar and twenty five cents, while the larger half liter bottle increased from one dollar and twenty five cents retail to one dollar and fifty cents as the case went from twenty two dollars and ninety five cents to twenty eighty dollars and thirty five cents.

The 600ml plastic bottle went from retailing for two dollars to two dollars and twenty five cents as the crate went from thirty six dollars and thirty cents to thirty nine dollars and fifteen cents. The newest size bottled by Bowen, the one and a half liter went from four dollars to four dollars and fifty cents.

Now moving on to beer and stout which were the only two beer products which saw an increase. Both products went from forty nine dollars and ninety five cents per crate to fifty four dollars and now sells in retail for two dollars and seventy five cents.

Bowen representatives encourage store owners to adhere to new standard prices.

CTV3



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