Alcoholic drinks traders seek relief from excise tax
Stakeholders say local manufacturers will be subjected to double taxation of the products.
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Stakeholders say local manufacturers will be subjected to double taxation of the products.
Finance Bill 2024 proposes a raft of taxes across many sectors to raise revenue to finance budget. Stakeholders warn against passing the Bill in its current form, saying it will hurt the economy.
Finance Bill 2024 proposes a raft of taxes across many sectors to raise revenue to finance budget. Stakeholders warn against passing the Bill in its current form, saying it will hurt the economy.
Manufacturers say 95% of the spirits portfolio will be affected.
The arrangement will see growers sell their produce to EABL at the price of Sh48 per kilogramme.