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Beauty industry let off as KRA keeps back stamp duty raise
The beauty industry has grown by over Sh10 billion over the past decade as more Kenyans embrace the use of makeup and other beauty products. FILE PHOTO | SHUTTERSTOCK
Millions of consumers of cosmetics and beauty products in the country have been spared from paying more for the goods they use to boost appearances after the taxman postponed indefinitely the move to quadruple stamp duty.
Kenya Revenue Authority (KRA) was to roll out excise stamps for the products on July 1 in line with the Excise Duty (Excisable Goods Management System- EGMS) (Amendment) Regulations, 2023, that was published early in the year.
