Kenya: Beer gets cheaper next door in Uganda and Tanzania on excise stamp fee cuts

Published 2024년 2월 23일

Tridge summary

Tanzania and Uganda have lowered the prices of excise stamps, a cost component of beer, making beer cheaper for Kenyans living near the border. This is the second time Tanzania has reduced the price of these stamps. In contrast, Kenya is planning to double the price of its excise stamps to help the Kenya Revenue Authority offset a debt, leading to Kenyan manufacturers paying up to four times more in excise taxes on beer than those in Uganda.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

More Kenyans living at border points may find it pocket-friendly to cross into Tanzania and Uganda for a beer after the two countries doubled down on cuts on the prices of excise stamps, one of the cost components of the beverage. Tanzania last month lowered the excise stamps affixed on excisable goods, including beer and spirits, pushing down the cost of producing a tipple in Kenya’s neighbour. This is the second time Tanzania has lowered the price of excise stamps, even as Kenya plans to double the price in what is aimed at helping the Kenya Revenue Authority (KRA) offset a Sh4.5 billion the taxman owes SISCPA, the Swiss company contracted to manufacture the stamps. Read: EABL to raise beer price if tax passed In a public notice published on February 5, 2024, the Tanzania Authority (TRA) published new lower electronic tax stamp prices. “In accordance with Regulation 6(2) of the Electronic Tax Stamps Regulation 2018 the Commissioner General of Tanzania Revenue Authority wishes to ...

Source: Businessdailyafrica