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Excise tax receipts decline that ushered Ruto reforms
Phoenix Beverages Limited (PBL) has received approval to acquire a 28.15 percent stake in a local firm that manufactures alcoholic and non-alcoholic beverages. PHOTO | SHUTTERSTOCK
Excise duty collections for the first half of the current financial year grew at a single digit for the first time in five years, excluding the pandemic period, catching the eye of President William Ruto and spurring fresh reforms.
Tax receipts from the sale of excisable goods such as beer, spirits, cigarettes, mineral water, juice, cosmetics, airtime and internet use rose 5.38 percent between July and December 2022, the latest data shows.