Alcoholic Beverages Association of Kenya decry advance excise duty proposal
East African Breweries Limited Group Corporate Relations Director Eric Kiniti and Alcoholic Beverages Association of Kenya (ABAK) chairman Eric Githua (L) during a press conference on the proposed Excise Duty (Excisable Goods Management System) (Amendment) Regulations 2023 on February 14, 2023.
The Alcoholic Beverages Association of Kenya (ABAK) has voiced its opposition to the proposal by the government to compel them to pay excise duty within 24 hours upon removal of goods from the stockroom.
The policy adjustment is in the controversial Finance Bill 2023, which has already obtained parliamentary approval and is only awaiting presidential assent.
