Home Business KAM opposes increase in taxes on 30 products

KAM opposes increase in taxes on 30 products

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Business Daily | by Constant Munda

Manufacturers have petitioned the Kenya Revenue Authority (KRA) to freeze the tax increase on at least 31 products, including fuel, bottled water, juice and beer in October, arguing it will cut demand and hit tax collection.

The taxman announced last month he would adjust the tax for such products by about cost 5.43 percent — being the average inflation for the year period ending June 2020— costs which will be passed onto consumers…

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