This archive report was first published on 19 July 2021.
On July 19, 2021, President Uhuru Kenyatta assented to the Finance Act 2021, introducing a hike in Excise Duty on Mobile Telephone Services and Loan services.
According to the new law, the Excise Duty on Mobile Telephone Services has been increased, which will likely lead to higher data prices for consumers.
Additionally, the Excise Duty on Loan services has also been increased, affecting individuals who rely on loans for various purposes.
Listen to our podcast episode to understand the changes in excise duty and how they will impact you.
Find the audio on Anchor: https://anchor.fm/24bit/ And on ALL Podcast platforms you may be using.
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