Excise duty rates kenya
Web32 rows · Dec 11, 2024 · Pursuant to Kenya’s Excise Duty Act 2015, both the Cabinet Secretary and the Commissioner General of the Kenya Revenue Authority are … WebThe Act has increased the capital gains tax (CGT) rate from 5% to 15%. This is a culmination of previous attempts to increase the CGT rate, which stalled in the past due to intense lobbying by affected parties.
Excise duty rates kenya
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Web55. Refund of excise duty 56. Provisions relating to rebate 57. Exemption from excise duty PART XI-ENFORCEMENT AND SIEZURE 58. Seizure of goods, excise stamps, vehicle, equipment, premises or plant , 59. Notice of seizure 60. Procedure for seizure PART XII-GENERAL PROVISIONS 61. General offence 62. WebApr 12, 2024 · Kenya Finance Bill, 2024. Accelerating growth in uncertain times. APRIL 2024 ... • Increase in Capital Gains Tax rate from 5% to 15%; • Increase in the rate of …
WebApr 13, 2024 · She is accused of declaring production volumes of 820,602 litres and misapplication of excise duty rates on Vienna Ice by using Ksh 27.06 instead of Ksh 175 thereby reducing the excise liability by Ksh 1,855,403,900 payable to the Kenya Revenue Authority (KRA) as required by the Excise Duty Act No.23 of 2015. ... Web3 hours ago · In a letter to National Assembly Speaker Moses Wetang’ula, Atandi said the amendment will introduce excise duty on imported fish at the rate of 20 per cent of the custom duty. ... Data from the State Department of Fisheries shows that Kenya shipped in 14.8 million kilogrammes of fish from China in 2024, valued at Sh2 billion, up from Sh1.5 ...
WebFeb 16, 2024 · Kenya Kenya updated its excise duty rate on vaping products in 2024. The current rates are 40% for devices, and 70 Kenyan shillings ($0.57 US) per milliliter on e-liquid. The e-liquid tax would add about 17 U.S. dollars to the price of a 30 mL bottle of vape juice. Kyrgyzstan WebJul 18, 2024 · PUBLIC NOTICES 18/07/2024. Kenya Revenue Authority would like to notify the public, manufacturers, importers and suppliers of goods and services that the Finance Act, 2024 introduced excise duty on the following goods and services with effect from 1st July, 2024: -. Description. Tariff. Excise Duty Rate. Imported Unsaturated polyster. …
WebLAWS OF KENYA EXCISE DUTY ACT NO. 23 OF 2015 Revised Edition 2024 [2015] Published by the National Council for Law Reporting with the Authority of the Attorney …
Web13 hours ago · Kenya; Africa; Markets; Commentary; Living Spaces; ... Tabitha was also accused of under declaring production volumes by 820,601 litres and misapplication of … overall 146WebOct 9, 2024 · Specific rates of excise duty were widely adopted under Kenya’s simplified excise tax regime introduced through the Excise Duty Act in 2015 … イデアレコード 福岡VAT is levied under the VAT Act, 2013 and the VAT Regulations, 2024. VAT is a tax on value addition and is accounted for using the input-output mechanism. There are five types of supplies that attract VAT at different rates: 16% for local taxable supplies, 8% on local supply of fuel (effective September 2024), 0% for zero … See more Import duty is levied on importation of goods under the provisions of the East African Community (EAC) Customs Management Act ('the Act'). Imported goods are generally … See more Stamp duty is payable on transfer of properties, leases, and securities. The rates of stamp duty apply as specified in the Schedule to the Stamp Duty Act. The rates of stamp duty … See more Excise duty is imposed on the local manufacture, importation or local supply of certain commodities and services. Excisable commodities include bottled water, soft drinks, cigarettes, alcohol, fuels, and motor … See more Gains derived on the sale or transfer of property by an individual or company are subject to a final tax at the rate of 15%. The definition of ‘property’ is widely drawn and includes … See more イデアレコード株式会社WebSep 23, 2024 · In a notice on August 10, KRA commissioner general Githii Mburu announced rates on excise duty will be adjusted using the average inflation rate for the 2024/2024 financial year of 4.97 per cent. overall 158WebThe rate of the excise duty varies depending on the type of good being taxed. For businesses, the excise duty can have a significant impact on their bottom line, as it increases the cost of the goods they are selling. The third type of indirect tax in Kenya is the Customs Duty. This is a tax imposed on imported goods. overall 122WebHowever, Sensitive items Attract duty higher than 25%. The sensitive items are listed in the schedule 2 of the EAC Common External tariff. Excise Duties. Excise Duty depends on … overall 150WebLAWS OF KENYA THE EXCISE DUTY ACT NO. 23 OF 2015 Revised Edition 2024 [2015] Published by the National Council for Law Reporting ... Goods and services not liable to … overall 110