Maize Flour, Sugar and Rice to Cost More as KRA Increase Exercise Tax

163 100

Kenyans should brace for costlier maize flour, sugar, and rice among other commodities from October 1 this year.

The Kenya Revenue Authority has said that it will increase excise tax by 6.3pc in the next 30 days.

The taxman says the move is informed by rising inflation that rose to a 62-month high of 8.5pc in August.

The hike is coming at a time when Kenyans are struggling with a record high cost of living which has accelerated in the last 12 months

Leave a Reply

Your email address will not be published. Required fields are marked *

WP2Social Auto Publish Powered By :