PREMIUM Manufacturers warn new tax could cost thousands of jobs Business Just now
The Kenya Association of Manufacturers (KAM) says the increase, which they claim is about 433 per cent, has imposed an unsustainable burden on an industrial input that Kenya does not produce at commercial scale, with taxes, levies and port charges now consuming about 90 per cent of the cost, insurance and freight (CIF) value of every consignment.
The High Court has certified as urgent a petition by manufacturers challenging a new excise duty on industrial sugar, which increased levy charges from Sh7.
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