Unless we regularize this and address capacity issues then our budget shall continue to experience diminishing to near zero impact on society over time. This means that these products shall be more expensive. Liquid Petroleum Gas shall now be VAT exempt, import duty for energy efficient stoves shall be lowered from 25% to 10%. Another ‘zero sum game’. To the users of cosmetics and beauty products the budget looks no pretty given the introduction of 10% excise duty, a move the taxman says is aimed at harmonizing the excise tax regime in the EAC countries.

Source: Standard Digital June 09, 2016 08:03 UTC