The Treasury has revoked a controversial new tax on imported shoes, bringing relief for traders who had reported a drastic jump in the cost of shipments.
Treasury Cabinet Secretary Ukur Yatani, in a letter to the Kenya Revenue Authority (KRA), suspended the new tax of up to $1.5 (Sh164.4) per pair of shoes imported into the country and reverted to the older tax of 25 percent per consignment that saw importers pay Sh2 million per 40-feet container of footwear.
