Fake alcohol cuts Sh7.6bn from KRA sin tax revenue
Nairobi, Nov. 2 -- The influx of counterfeit or tainted alcoholic drinks has seen the Kenya Revenue Authority (KRA) record a rare drop in its collection of sin taxes, revealing the extent of the uptake of fake spirits laced with methanol in the country.
The domestic excise taxes, which is mainly duty on alcoholic beverages, fell to Sh61.8 billion in the year to June from Sh69.4 billion, reflecting a 10 percent drop and making it an outlier as the taxation categories rose.
Published by HT Digital Content Services with permission from Business Daily....
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