This archive report was first published on 24 December 2019.
As the financial year draws to a close, the Kenya Revenue Authority (KRA) is now expecting to collect over Sh1.6 billion in revenue from bottled soda and water sales, a significant drop from the Sh3.6 billion initially anticipated.
Published on December 24, 2019, the delayed rollout of the excise tax management system for bottled water, soda, and juices is to blame for the reduced revenue expectations.
Enforcement of the new system, which requires manufacturers to affix new generation excise stamps on various products, is set to begin in January.
Despite expressing confidence in the implementation, the KRA has so far seen only about 175 out of the target 400 companies producing bottled water and juices comply with the new regulations.
