Roll-Out of New Generation Excise Stamps by KRA
December 2021
Roll-out of New Generation Excise Stamps by KRA
Introduction
The Excise Duty (Excisable Goods Management System) Regulations, 2017 require that all packages of excisable goods, except motor vehicles, be affixed with excise stamps. The Regulations confer powers on the Commissioner of Domestic Taxes to specify the type and manner of affixing excise stamps.
KRA’s Public Notice
The Kenya Revenue Authority (KRA) issued a public notice on 1 December 2021 notifying all manufacturers, importers, distributors, wholesalers and retailers of excisable goods that, in compliance with the regulations, it shall be rolling out a new generation of excise stamps for alcoholic beverages, tobacco and tobacco products, water, soft drinks and juices.
The roll out will be effected in three phases as follows;
|
Category of excisable goods |
Effective date |
|
Wines, Spirits, Ready to drink beer, other tobacco products |
From 6 December 2021 |
|
Water, soft juices and drinks |
From 28 December 2021 |
|
Tobacco products and Keg beer |
From 1 February 2022 |
The roll out of the new generation of excise stamps shall not affect taxpayers using digital stamps.
Way Forward
We urge all companies that deal in excisable goods to take note of the roll out of new generation of excise stamps and the effective dates. We are available to assist you in rolling out the new stamps and in ensuring continued compliance with excise duty and other taxes.
Please do not hesitate to contact us should you require further guidance and assistance as necessary.
Moses Mwendwa Managing Director mmwendwa@czmkenya.com
Benson Njiru Director, Advisory & Tax benson.njiru@czmkenya.com
Betty Komen Tax Associate bettykomen@czmkenya.com
Martin Mugo Tax/Legal Intern edwinmugo165@gmail.com
This publication constitutes only a brief guide and is not intended to be a comprehensive summary of the Act nor the tax law and practice. No one should act on this publication without appropriate professional advice, following a thorough examination of their particular situation. While all reasonable care has been taken in the preparation of this guide, HLB Cezam accepts no responsibility for any errors it may contain, whether caused by negligence or otherwise, or for any loss, however caused or sustained by any person that relies on it.
