EXPERTS KENYA KRA tax goal rises Sh19bn after bar hours extended 3 years ago Iwo Bulski Post Views: 538 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. About Post Author Iwo Bulski Issues 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. See author's posts 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 Africa’s Financial Sector Chases Digital Dreams In High Stakes Race 12 hours ago Szarlot BOTSWANA EXPERTS From Africa to Asia: Connect with C-Level Leaders 2 days ago Iwo Bulski BETTING KENYA Kakamega Homeboyz renew sponsorship deal with betting firm 2 days ago Szarlot EXPERTS ZIMBABWE Zimbabwe’s government is actively fighting illegal gambling 2 days ago Samuel EXPERTS HOT NEWS SOUTH AFRICA Online gambling crackdown in South Africa 3 days ago Samuel BETTING KENYA Master Aviator and Aviatrix 3 days ago Szarlot EXPERTS SOUTH AFRICA The Battle Over Online Gambling Regulations Heats Up Globally 3 days ago Szarlot EXPERTS GHANA Six CSOs call on govt to reconsider decision to remove Betting Tax 6 days ago Samuel BETTING KENYA Kenya Overhauls Gambling Industry with New Regulatory Framework 6 days ago Szarlot EXPERTS NIGERIA Remote Gaming License in Nigeria: Everything You Need To Know 1 week ago Samuel EXPERTS UGANDA Uganda Gaming Regulator Intensifies Crackdown on Illegal Operations 1 week ago Samuel KENYA ONLINE Comparing Payment Methods for Casinos in Kenya 1 week ago Samuel 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.