Business Daily | by Constant Munda
The Treasury is looking to raise Sh6 billion from higher taxes imposed on a wide range of goods, including fuel, bottled water, juice and beer in October.
Treasury secretary Ukur Yatani wrote in a letter to the International Monetary Fund (IMF) that “inflation adjustments to excise taxes introduced in October 2020… (have) an estimated revenue yield of Sh6 billion in FY2020/21”.
The adjustment is in line with the law that demands that excise duty be revised upwards in tandem with the cost of living measure or…
