Manufacturers have warned the proposed increase in the cost of excise stamps as much as three times will spike trade in counterfeited spirits, cosmetics, water brands and juices, hurting growth in taxes targeted by President William Ruto’s regime.
In a presentation to the Kenya Revenue Authority on Wednesday, the firms protested the proposed amendment to the laws as aimed at changing the use of excise stamps from a “revenue assurance tool” to a “revenue collection mechanism”.
