Prices of Bottled Water, Sodas, Non-alcoholic Beverages Set to Rise

Prices of Bottled Water, Sodas, Non-alcoholic Beverages Set to Rise

October 31, 2019 0 By mykenyancareers

bottled water - Prices of Bottled Water, Sodas, Non-alcoholic Beverages Set to RiseConsumers of bottled water, juices, soda, non-alcoholic beverages and cosmetics will from next month dig deeper into their pockets for the commodities.

This follows the implementation of the Excisable Goods Management System (EGMS) that will see prices go up to accommodate Excise Tax.

In a public notice, Kenya Revenue Authority (KRA) informed all licensed manufacturers, importers, distributors retailers, and the general public that further to the public notice dated 30th August 2019, bottled water, juices, energy drinks, soda and other non-alcoholic beverages manufactured in or imported into Kenya from 13/11/2019 must be affixed with an Excise Stamp in accordance with Section 28 of Excise Duty Act 2015.

“Only licensed manufacturers and licensed importers of Excisable goods in accordance with the Excise Duty Act 2015 can obtain exercise stamps.

“All bottled water, juices, energy drinks, soda and other non-alcoholic beverages manufactured and imported into Kenya prior to the go-live date will be allowed to market without stamps until 31st January 2020,” said the taxman.

KRA cautioned that any products manufactured or imported on or after 13th November without bearing the stamp or those before 13th November found in the market after 31st January 2020, not bearing the excise stamp shall be seized and offenders prosecuted.

Excise duty on bottled water, juices, soda and other non-alcoholic beverages will reportedly raise costs by between 50 cents and Sh.2.80 per bottle.

Ⓒ 2019 Nairobi Wire