Consumers can now sigh in relief after KRA deferred a new tax for six months. The taxman has delayed a 5.5% excise duty, which was expected to start on July 1 in line with the Finance Act. The tax arising from annual inflation adjustment will be effective from January 2021 instead of July 1, in line with the Finance Bill of 2020. READ MORE

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.