New 2.5pc duty to raise price of EPZ local sales

Majority of firms in the EPZ are in textiles and apparels and largely exports to the US. FILE PHOTO | NMG

The Treasury has imposed an extra 2.5 percent duty on local sales from the Export Processing Zones (EPZs) amid growing suspicion of diversion into the Kenyan market.

The new measure will ensure compliance with the rule that EPZs must sell at least 80 percent products in global markets.

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