Whispers Wire

KRA announces increase in excise duty for Various Goods

KRA

The Kenya Revenue Authority has issued a notice to manufacturers, importers and suppliers of excisable goods informing them about the adjustment of the excise duty.

Through a notice issued on December 23 KRA announced the increase in excise duty of imported sugar from Ksh5 per kilogram to Ksh 7.5 per kilogram.

The new rate excludes sugar imported by a registered pharmaceutical manufacturer and raw sugar imported for processing by a licensed sugar refinery.

KRA
KRA introduces new changes in various goods. Photo: Courtesy.

Also the increase in the excise duty on products containing nicotine or nicotine substitutes intended for inhalation without combustion or oral application.

However, the excise duty on nicotine products excludes those manufactured or imported for health purposes, provided they are approved by the Health Cabinet Secretary.

KRA moreover announced the introduction of a 25 per cent tax, or Ksh200 per kg, on imported adhesive plates, shoes, films, foil, tape, strips, and other flat shapes of plastics.

This excludes such commodities imported from East African Community (EAC) Partner States, but they must first meet the EAC rules of origin.

According to the authority, the adjustments in the excise duty charged on the said goods were a result of the implementation of the Tax Laws Act, which was signed into law by the  President.

The new charges will be effective from December 27 this year, when the Tax Laws (Amendment) Act will come into force.

 

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