Browsing: Non-alcoholic beverages

Starting Wednesday, November 13, 2019, the Kenya Revenue Authority (KRA) will roll out the Excisable Goods Management System (EGMS) on non-alcoholic beverages.

The targeted products include bottled water, juices, energy drinks and soda among others.

KRA Commissioner for Domestic Taxes, Elizabeth Meyo said that the implementation of the system will enhance compliance and boost revenue collection by approximately Ksh4 billion (US$40 million).

Excise Stamps and fair competition

Meyo says that the system will also enable fair competition amongst traders in the sector.

“Currently we have up to 78 per cent of companies in the water sector who are not paying their fair share of taxes which is not fair to the 22 per cent who are compliant,” added Meyo.

She revealed that the system will enable KRA to monitor and ensure that all traders within the sector are compliant.

To ensure that the system runs without a glitch, Meyo said …