The association is however concerned most bars might not be in a position to resume business as liquor licences have expired. It is going to be a bit challenging to pay Sh100,000 when almost everyone was out of business,” Ogea said. Combined with the value chain, the effect was devastating to the economy,” Alcohol Beverages Association of Kenya (ABAK) chairman Gordon Mutugi told the Star. Beer, cider, perry, mead, opaque beer and mixtures of fermented beverages with non-alcoholic beverages are charged excise duty at a rate of Sh110.62 per litre. KRA remains optimistic of hitting its targets with excise tax being a major revenue contributor, despite a slow start in the first two months of the current financial year, which have been marked by drops.

Source: The Star October 01, 2020 00:56 UTC