10 July 2018 Kenya's excise duty on confectionery products and chocolates is now in effect In a move aimed at realizing the objectives set out in "The Big Four" Agenda and to generate additional tax revenue, the Kenyan Government through the Finance Bill, 2018 has imposed an excise duty on the importation and manufacturing of sugar confectionary and chocolates at a rate of KES20 per kilogram (Kg), effective July 1. The Kenya Revenue Authority (KRA) held consultative meetings with the manufacturers and importers of confectionery products and chocolate to educate them on excise duty compliance requirements as new licensees since they will be required to register early enough and be in a position to account for excise duty by August 20 and subsequent tax periods. Document ID: 2018-1365 |
