30pc wood panel tax pushes up cost of locally made furniture
Nairobi, Nov. 15 -- The 30 percent excise duty on imported wood panels has raised the cost of locally manufactured furniture, including fitted kitchens, wardrobes and office cabinets, while making imported finished products cheaper.
Stakeholders in the furniture and construction industries have asked a National Assembly committee to delete the provision in the Finance Act 2026 that introduced the duty on imported wood-based panels, including medium-density fibreboard (MDF), saying it has made locally manufactured furniture more expensive.
Published by HT Digital Content Services with permission from Business Daily....
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.