Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Alcohol excise tax formula will drive many to illicit drinks, warns brewer
Alcoholic Beverages Association of Kenya Chairman Eric Githua and EABL Group corporate relations director Eric Kiniti during a media briefing on June 04 2024 at Sarova Stanley Hotel.
Photo credit: Francis Nderitu | Nation Media Group
The National Treasury's new excise tax plan for alcoholic products will make them unaffordable to many consumers, manufacturers have cautioned, forcing them to turn to illicit and counterfeit drinks.
Through the Finance Bill, 2024 the National Treasury has proposed a new method of taxing liquor based on alcohol-by-volume (ABV) which will see excise duty paid on some spirits rise by up to 80 percent.
