Business Daily | by Constant Munda
Prolonged closure of bars and night clubs has forced the Treasury to cut its excise tax projections by Sh45.8 billion, giving the government a fresh revenue collection headache three months since the start of the financial year.
Treasury Cabinet Secretary Ukur Yatani has lowered the excise duty target — the bulk of which come from sale of alcohol and cigarettes — to Sh195.6 billion from the Sh241.4 billion set in June despite a scheduled raise on the tax from October 1…
