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List Of Items Whose Prices Are Set To Rise After New Proposals By The Government.

Photo/Courtesy.

Government has proposed that prices of a number of items be increased in bid to increase the revenue collection.

After a consultative meeting with the Kenya Revenue Authority, the National Treasury has listed some items whose priced they want to be increased with certain percentages. This will be met by increasing the excise stamp fees.

National Treasury and Economic Planning Cabinet secretary, Prof. Njuguna Ndungu , the National Treasury Principal Secretary Chris K. Kiptoo, and other senior National Treasury officials on Tuesday 17th January, 2023 when they held a consultative meeting with Kenya Revenue Authority senior officials led by the Commissioner General, Mburu Githii. Photo/Courtesy.

For instance, the Treasury want the excise stamp fees charged on Cigarettes to be increased from Kes 2.8 to Kes 5.0. This will be a huge blow to cigarette users as they will use more on the product. The products under this category include; Cigars, Cheroots, Cigarillos, containing tobacco or tobacco products, others are all products manufactured from tobacco.

Government is also proposing that the stamp fees charged on Fruit juices and beverages be increased from Kes 0.6 to Kes 2.2. This include wines and other beverages manufactured from the fermentation of fresh fruits. Also to be affected in this category are the compound spirits with alcoholic content exceeding 6%.

For the Spirituous beverages with alcoholic strength not exceeding 6%, their stamp fees will be at KES 3.

Other items to be affected in the new proposal are the Cosmetics whose excise stamp fees have been proposed to inceease from Kes 0.6 to Kes 2.5 however, for the Bottled water the excise stamp fees has been retained at Kes 0.5.

According to Treasury Cabinet Secretary Professor Njuguna Ndung'u, and the Kenya Revenue Authority Kenyans have been asked to give comments on this proposal and Deadline for comments has been set to be on February 3rd 2023.

Source: https://www.facebook.com/100064445359548/posts/pfbid02eBshF22dBURyHSHPpPSi5MUYRcWHNQFSkod869hyeGeLvqLT7k3SLzcFZmts4fXyl/?app=fbl

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Chris K. Kiptoo Kenya Revenue Authority Mburu Githii National Treasury National Treasury and Economic Planning

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