Ensure transparency in the excise stamp tender to reduce tax burden

shutterstockTaxreduction

Ensure transparency in the excise stamp tender to reduce tax burden. FILE PHOTO | SHUTTERSTOCK

The Treasury’s decision to implement a massive increase in the fees for excise tax stamps is a slap in the face of the overburdened Kenyan taxpayer.

Despite protests and appeals from producers and consumers, these increases of up to 300 percent are already pushing up the shop prices of fruit juices, cosmetics, alcohol and cigarettes.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.