Business
KRA Targets Sh1.6 Billion From Soda And Water Sales
The Kenya Revenue Authority (KRA)now expects to collect over Sh1.6 billion revenue from bottled soda and water sales before the financial year ends almost half the Sh3.6 billion the taxman had earlier anticipated.
Delayed rollout of the excise tax management system for bottled water, soda and juices will see the State forego more than Sh1.6 billion, even as the taxman expressed confidence in the implementation.
Enforcement will start in January.
This new system will require manufacturers affix new generation excise stamps on bottled water, juices, soda, energy drinks, non-alcoholic beverages, food supplements and cosmetics. This means the firms will have installed an automated stamp-fixing system and will be making real-time data transmission to the KRA.
About 175 out of the target 400 companies producing bottled water and juices have so far complied.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
Mudavadi Feted with Honorary ODM Founder Certificate
Sportybet Kenya Complete Registration Guide
EasyBet Review: A Leading Gambling Platform in South Africa
Ruto Set to Dominate ODM@20 in Mombasa, Positioning Himself as Raila Odinga’s Political Heir Ahead of 2027
Peter Agoro Legal Battles Reveal How EACC Framed a Whistleblower to Protect Corrupt Elites
ODM Shuts Door on Gachagua Alliance, Signals Long-Term Deal with Ruto Ahead of 2027
Museveni Brands Kenyan Activists ‘Riot Experts’ After 38-Day Detention
Businessman Adan Haji Isaack on Spot for Allegedly Harassing City Professor Over Disputed Land
You Can Now Sue Employer Who Takes Too Long Or Refuses To Give You The Results Of Your Interview
At Least 240 Charged With Treason After Tanzania Election Violence
Safaricom’s Sh115 Trillion Data Breach Scandal: How Kenya’s Telecom Giant Sold Out 11.5 Million Customers
DEATH TRAPS IN THE SKY: Inside the Sordid World of West Rift Aviation’s Deadly Corruption Cartel
SAFARICOM’S M-SHWARI MELTDOWN: TERRIFIED KENYANS FLEE AS BILLIONS VANISH INTO DIGITAL BLACK HOLE
Why Kenyan Investors Should Pay Attention to the U.S. Stock Market (US30 Index)
PHOTOS: Elizabeth Macheka, Tsvangirai’s Widow Is Turning Heads in Kenya After Attending Raila’s Burial
EX–YOUTH FUND BOSS GOR SEMELANG’O JAILED IN DUBAI OVER MONEY LAUNDERING LINKS
Equity Bank CEO James Mwangi Kicked Out of Sh1 Billion Muthaiga Mansion
Lwam Bekelle Moves to Claim Fidel Odinga’s Unclaimed Assets Days After Raila’s Death
Ruto’s Reshuffle Storm As Moi, Ida Odinga Tipped To Join His Cabinet
Whose Drugs? Kenya Navy Seizes Drug Ship In Mombasa Carrying Sh8.2 Billion Meth
-
News2 weeks agoUK-Based Website Faces Scrutiny Over Alleged Sexual Exploitation Of Kenyan Women
-
Investigations2 weeks agoMistreatment and Gross Misconduct: Thika Cloth Mills Accused of Bribing Labour Ministry Officials to Muzzle Workers’ Revolt
-
Politics1 week agoODM Shuts Door on Gachagua Alliance, Signals Long-Term Deal with Ruto Ahead of 2027
-
Politics1 week agoUhuru Kenyatta Draws Battle Lines in Mt. Kenya Politics Defends Gachagua and Warns Jubilee Rebels to Toe the Line
-
News1 week agoBusinessman Adan Haji Isaack on Spot for Allegedly Harassing City Professor Over Disputed Land
-
News1 week agoKenyan Activists Bob Njagi and Nicholas Oyoo Released After 38 Days in Ugandan Custody
-
Investigations1 week agoEXCLUSIVE: The $1.7 Billion Oil Heist That’s Starving South Sudan While Elites Feast on Blood Money
-
Investigations7 days agoPeter Agoro Legal Battles Reveal How EACC Framed a Whistleblower to Protect Corrupt Elites