Treasury Proposes Significant Increase in Excise Stamp Fees for Cigarettes, Fruit Juices, Cosmetics

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The National Treasury has proposed a significant increase in excise stamp fees for cigarettes, fruit juices, and cosmetics. According to the proposal, the fee for cigarettes will increase from Kes 2.8 to Kes 5.0, while the fee for fruit juices will increase from Kes 0.6 to Kes 2.2. The fee for cosmetics will also increase from Kes 0.6 to Kes 2.5.

The proposal also states that the fee for bottled water will be retained at Kes 0.5. The deadline for comments on this proposal is February 3rd, 2023.

According to the Cabinet Secretary for National Treasury and Economic Planning, Njuguna Ndung'u, the proposed increases are intended to generate additional revenue for the government and discourage the consumption of harmful products such as cigarettes.

The proposal has generated mixed reactions from the public, with some praising the government for taking steps to reduce harmful consumption, while others have criticized the increases as too high and likely to have a negative impact on the economy.

The Treasury has invited members of the public to share their views and comments on the proposed increases before the deadline. The final decision on the proposed increases will be made after considering the feedback received.

Source: https://twitter.com/AmbokoJH/status/1615258088809824256?s=20&t=9jXGQPYm0jRp9hMvAAiCWQ

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