KRA moves to enforce new excise taxes

KRA moves to enforce new excise taxes

Manufacturers and importers of goods recently classified as excisable are expected to comply with the payments as the first remission of duty dawns this Friday.

Manufacturers and importers of the goods are expected to have applied for an excise or import certificate for each product categories.

The due date for the remission of the duty falls on or before the 20th day of the month following the month on which the tax was collected, making August 20 the first due date for the duty.

Among the products attracting excise duty for the first time includes imported jewelry at the rate of 10 per cent and tobacco substitutes such as nicotine pouches whose duty is charged at the rate of Ksh.1,200 per kilogram.

Others include imported furniture, imported eggs, imported onions and imported potatoes which attract duty at the rate of 25 per cent.

Unsaturated polyester, alkyd, emulsion, homo-polymers which now attracts duty at the rate of 10 per cent.

The goods were moved to the excise duty category through amendments to the Excise Duty Act which were introduced by the 2021 Finance Act.

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excise duty 2021 Finance Act

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