Alcohol and cigarettes have been spared from tax increases for the first time in five years after the Finance Bill left out the two products from excise duty adjustments, handing manufacturers and consumers a major relief.
The two products, alongside betting and luxury items, had become an easy target for excise tax increases by the President Uhuru Kenyatta regime, which unleashed back-to-back tax increases on the ‘sin industry’ as it sought to raise additional revenues.
