New tax laws to net Sh64b as Kenya moves to plug Budget deficit

NAIROBI: The revised excise duty law is expected to bring in Sh63.6 billion in additional revenue, the Treasury has said, as it moves to plug this year’s Budget deficit of Sh570 billion.

The new tax measures will be the biggest cash cow for the Government this year, with an extra Sh28.4 billion anticipated from smokers, alcohol consumers and motorists.