Manufacturers say punitive excise tax stifling their growthThe government has been urged to reconsider the model used in levying of excise tax, a charge that has hampered growth of the manufacturing sector. In addition, Kenya’s excise rates are some of the highest in the region, motivating smuggling, especially along border areas,” Mr Owino said. This was attributed to the tax increase, which forced the company to pass cost to consumers. "In the last five years alone, we have had four excise tax increases. Kenya’s taxation model is also more punitive than that of other countries in the region, the report adds.

Source: Standard Digital March 15, 2020 04:52 UTC