Anxiety as Treasury set to decide on consumer taxes
National Treasury and Economic Planning Cabinet Secretary Njuguna Ndung'u. The focus is on the National Treasury as it makes a final decision on its proposed tax raises on various consumer goods amid resistance by manufacturers and business groups.
Taxes on cosmetics, alcohol, cigarettes, and fruit juice are to go up.
Manufacturers and business people have opposed the planned increase in levies.
The National Treasury targets at least 14 categories of excisable goods in new tax proposals.
The focus is on the National Treasury as it makes a final decision on its proposed tax raises on various consumer goods amid resistance by manufacturers and business groups.
Consultations and submission of comments on the draft Excise Duty (Excisable Goods Management System) (Amendment) Regulations, 2023 closed on Monday, leaving technocrats with the task of deciding on the fate of the new tax proposals.
