EXPERTS KENYA KRA tax goal rises Sh19bn after bar hours extended 2 weeks ago Iwo Bulski Post Views: 81 The Treasury has raised the target for excise duty this financial year by Sh18.6 billion on the back of longer operating hours for entertainment joints and increased rates of taxation. Treasury secretary Ukur Yatani in the latest projection expects the Kenya Revenue Authority (KRA) to collect Sh259.6 billion in excise taxes compared with Sh241 billion in the budget approved by lawmakers in June. The higher goal in the draft Budget Policy Statement (BPS) for 2022 comes in the wake of this month’s 4.97 percent raise to reflect average annual inflation for the year ended June 2021. Tax on about 30 excisable goods such as beer, bottled water, juice and motorcycles (boda bodas) was raised from November 2, with the taxman targeting an additional Shh3.7 billion from inflation-adjusted taxation. Petroleum products have, however, been spared the increment pending determination of a case opposing the annual inflation-adjusted duty on fuel in the High Court. Excise tax collections have also been boosted by longer operating hours for bars and restaurants to 11 pm from October 21 as part of relaxed Covid-19 restrictions which included the lifting of an 18-month nighttime curfew. Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: curfew, Kenya KRA, tax Continue Reading Previous Paysafe’s Income Access partners with Sahara GamesNext How Does Your Body Change While Playing in a Casino? More Stories EXPERTS GHANA Can electronic transaction levy slow down the rate of online betting in Ghana? 1 day ago Samuel BETTING KENYA How Ksh50 Can Win You a Luxury Kileleshwa Apartment 2 days ago Samuel BETTING KENYA Pragmatic Play ventures into lucrative East African market 2 days ago Szarlot EXPERTS SOUTH AFRICA Swift payments is a cornerstone of credible online betting. 2 days ago Samuel BETTING HOT NEWS KENYA Kenya’s football supremo charged with corruption 3 days ago Samuel EXPERTS WORLD NEWS BtoBet to provide FanDuel with new Player Account Management Platform 5 days ago Szarlot BETTING KENYA Why Kenyan bettors are laying record figures on betting sites this year 5 days ago Samuel EXPERTS NIGERIA Lagos Gaming Authority List Names of Unlicensed Gaming Operators 1 week ago Adeleye Awakan EXPERTS Intellectual property war tied to gambling 1 week ago Samuel EXPERTS GHANA HOT NEWS Ghanaians Panic over new 1.7% E-Levy-Could it Affect iGaming Industry 1 week ago Adeleye Awakan BETTING KENYA Diamond Platnumz Partners with OdiBets to Launch WasafiBet 2 weeks ago Adeleye Awakan EXPERTS NIGERIA Don’t be addicted to gambling 2 weeks ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.