The taxman projects that the recent increases in excise duty as a result of inflation adjustments will net an additional Sh3 billion in revenues, even as manufacturers brace for lower demand.
The Kenya Revenue Authority raised taxes on a range of excisable goods like beer, bottled water and juice by 6.3 percent from this month in line with average price growth for the financial year ended June 2022. But the KRA maintains that the increments will not significantly hurt consumption.
