Very sad, these tangatangas don’t care about hustlers. Why push for price increases when people are already suffering with high prices? These tangatangas should all be sent home on Aug 2022.
Quote:
On Thursday, lawmakers aligned to Deputy President William Ruto pushed through amendments to the Finance Bill 2022 that will see amongst others an increase in prices of wines and spirits and beers.
Led by MPs Kimani Ichung’wah (Kikuyu), Aden Duale (Garissa Township) and John Kiarie (Dagoretti South) they put a spirited fight late into the night to push some of critical amendments with far reaching consequences on the government revenue raising ability.
Spirits with an alcoholic percentage of more than six per cent will attract excise duty at Sh335.30 per litre, up from the initial Sh278.70.
For beer lovers, products whose alcohol content exceeds six per cent will attract excise duty at the rate of Sh134 per litre, up from Sh121.85, meaning retail prices are set to increase.
The radical proposals were contained in amendments pushed through by Ichung’wah.
The increases in taxes on alcohol revises earlier recommendations by the Finance and Planning Committee of the National Assembly, which had rejected a proposal by the National Treasury to increase these taxes.
The committee chaired by Homa Bay Woman Representative Gladys Wanga had noted that an increase would lead to a rise in the consumption of illicit alcohol.
The Bar Hotels Liquor Traders Association, on Thursday said increased taxes will hit the industry, which is yet recover from Covid-19 related losses, where the number of bar outlets reduced from 54,000 to 32,000 countrywide.
At least 110,000 jobs in the entertainment and hospitality sector have been lost in the process.