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Boost for BAT as nicotine pouches tax reduced 76pc
Lyft, a nicotine pouch brand that is being marketed locally. PHOTO | COURTESY
Photo credit: Courtesy
Lawmakers have cut proposed duty on nicotine pouches by 76 percent offering a boost to British American Tobacco (BAT) #ticker:BAT in its plan to earn Kenya Sh1.5 billion annually in exports of the commodity.
The parliamentary Finance and National Planning Committee has proposed to slash the Sh5,000 per kilo of oral nicotine pouches – consumed by placing between upper lip and gum – fronted by the Treasury to Sh1,200.
