The taxman projects to collect an extra Sh5.2 billion from the inflation adjustment on excisable goods for the 2021/22 year, underlying the double blow consumers face from a rise in the cost of living.
This was revealed in a memorandum by the Kenya Revenue Authority (KRA) asking Parliament to approve Legal Notice No. 176 and 177 of 2022, which effected the excise duty adjustment that took effect on October 1.
