Roll-Out of New Generation Excise Stamps by KRA

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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.

 

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