Category: excise
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Airtime, financial transaction levies dethrone ‘sin taxes’ as new KRA excise duty cash cow
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For a long time, the excise tax basket of tax officials was nearly filled with groups of individuals who could barely resist a rush of nicotine or a sip of the suds. Because the excise taxes were mainly taken from cigarettes and alcohol, they were called “sin taxes.” But the…
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Motorcycles to cost more on 10 percent excise tax
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Imported motorcycles costing Sh130,000 and above are set to become more expensive after National Treasury proposed raising customs duties on a two-tier system characterized by the current flat rate of Sh12,952 or a new proposed rate of 10 percent of unit value, whichever is higher. The proposal to introduce the…