Congolese cement producers wary of tax rise

Written by Global Cement staff 19 September 2018

Republic of Congo: Cement producers have expressed concerns about government plans to increase Value Added Tax (VAT) on cement to 18% from 5%. Cement prices are expected to rise as manufacturers pass the extra cost on to consumers, according to the Central African Information Agency. An industry source quoted by the agency said that local cement plants are doing badly due to a capacity utilisation rate of 10 – 20%. The country has five cement plants with a production capacity of 3.2Mt/yr but cement consumption was only 0.7Mt in 2017.

Last modified on 19 September 2018

Published in Global Cement News

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