The government has reviewed its demand on manufacturers of alcoholic drinks to remit taxes within 24 hours after widespread criticism of the policy shift, with firms such as East African Breweries Plc (EABL) partly blaming the change in law for drop in profits.
Treasury Cabinet Secretary Njuguna Ndung’u is seeking approvals from lawmakers to extend the period within which alcohol makers will remit taxes to five days from the time goods leave stores to distributors.
