Kenya Manufactures Association has expressed its concern about the 20 percent excise duty on sweets and chocolates saying that the move will lead to massive layouts in the industry.
KMA said in a statement that prices of these products were set to rise and allow illegal trade in imports by unscrupulous dealers. The move will adversely affect job creation and revenue generation.
“The nine main confectionery manufacturers in Kenya directly employ 3,479 people and 16,000 indirectly who have families to take care of, this new tax threatens their livelihoods as the companies might be forced to reduce staff as part of cost cutting measures to remain afloat,” it supposed.
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