Exporters face new pricing pain as KRA increases taxes

A ship offloading cargo within the port of Mombasa in this picture taken on October 27, 2020. PHOTO | LABAN WALLOGA | NMG

Kenyan firms in the export business are facing new pricing pressure as their products continued to lose a competitive edge over increasing costs of production.

The latest pain point for exporters is the new inflation adjustment tax imposed this month by the Kenya Revenue Authority (KRA).

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.