KRA eyes Sh3.6bn from excise tax on water, juice, cosmetics

The Kenya Revenue Authority (KRA) targets an additional Sh3.6 billion annually from excise tax following introduction of excise stamps on additional products from next month.

Manufacturers are from November 1 required to affix the new generation excise stamps on bottled water, juices, soda, energy drinks, other non-alcoholic beverages, food supplements and cosmetics as the taxman moves to seal revenue leaks in the backdrop of higher collection targets set by the Treasury.