Kenyan Wall Street | by Wandiri Gitogo
Kenyans will have to dig deeper into their pockets following the revision of excise duty by the Kenya Revenue Authority (KRA) on selected items. In a statement, KRA informed manufacturers and importers that the rates of excise duty on excisable goods that have a specific rate of duty had been adjusted.
In this case, KRA adjusted the excise duty using the average inflation rate of 4.94 percent for the financial year 2019/2020 as required under section 10 of the Excise duty Act, 2015…
