KRA announces new taxes on goods and services
By Charles Adinda |
According to the public notice from the Commissioner for Domestic Taxes Rispah Simiyu, imported fully assembled electric transformers and their parts will attract an excise duty rate of 25 per cent.
The Kenya Revenue Authority (KRA) on Monday announced the implementation of new excise duty on a range of goods and services following the enactment of the Tax Laws (Amendment) Act, 2024 by President William Ruto on December 11th, 2024.
The new measures will come into effect on December 27, 2024, with manufacturers, importers, and suppliers required to comply with the updated tax regimen by submitting their initial returns no later than January 20, 2025.
Keep reading
According to the public notice from the Commissioner for Domestic Taxes Rispah Simiyu, imported fully assembled electric transformers and their parts will attract an excise duty rate of 25 per cent.
Imported printing ink excluding those that meet the East African Community Rules of Origin will attract a rate of 15 per cent with imported ceramic sinks, wash basins, wash basin pedestals, baths, bidets, water closet pans, flushing cisterns, urinals, and similar sanitary fixtures drawing a rate of either 5 per cent of customs value or Sh50 per kg.
Meanwhile, imported float glass and surface ground or polished glass, in sheets will be taxed at either 35 per cent of customs value or Sh200 per kg.
Imported ceramic flags and paving, hearth or wall tiles, and unglazed ceramic mosaic cubes, are also included in the new tariffs attracting a rate of either 5 per cent of custom value or Sh200 per kg.
Coal will be taxed at 2.5 per cent of the custom value while imported saturated polyester, polymers of vinyl acetate, and emulsion-styrene acrylic all incur a 20 per cent duty.
For services, fees charged for online advertising, including alcoholic beverages, betting, gaming, and prize competitions will attract a 15 per cent excise duty.
To ensure compliance, KRA has urged all affected stakeholders to apply for excise licenses or certificates of registration.
"Manufacturers and importers of the above excisable goods and suppliers of the excisable services are required to apply for an Excise License. Import Certificate and/or Certificate of registration as applicable and submit their applications to their Tax Service Office. Licensing and registration application forms and checklists are available on the KRA website and further assistance is available from our Tax Service Offices," read part of the notice.
Reader comments
Follow Us and Stay Connected!
We'd love for you to join our community and stay updated with our latest stories and updates. Follow us on our social media channels and be part of the conversation!
Let's stay connected and keep the dialogue going!
Latest News For You
