Consumers spared annual price reviews in hard times

MBURU-KRA

KRA Commissioner General Githii Mburu. FILE PHOTO | NMG

Consumers will be spared annual price increases on a range of excisable goods like fuel, beer, motorcycles and bottled water during a hard economic period if MPs approve proposed changes to the Excise Duty Act.

The proposed amendments have empowered the Kenya Revenue Authority Commissioner-General Githii Mburu to exclude some products from annual inflation tax adjustments depending on economic circumstances facing producers and consumers of the applicable goods.

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