The tax relief that East African Breweries Plc (EABL) enjoys on its low-end beer brand Senator has dropped by Sh23.8 billion in three years after the government cut the incentive.
A new report by the National Treasury shows that tax expenditure or the value of revenue foregone by the government due to tax reliefs on beer made from sorghum, millet and cassava, dropped to a new low of Sh18.4 billion in the fiscal year ended June 2021.
