Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
KRA has raised the cargo valuation reference point from Ksh2.5 million to Ksh3.2 million. The new figure is a benchmark, not an automatic value for every container. KRA says the change targets under declaration while protecting compliant traders and government revenue. The Kenya Revenue Authority (KRA) has increased the minimum reference point for general containerised…
Small traders halt cargo clearance over higher KRA charges Importers warn rising costs could squeeze already thin profit margins Traders threaten nationwide protests if KRA does not review the charges Small-scale importers and micro-enterprises have suspended cargo clearance in protest against increased taxes, levies and administrative charges imposed after the expiry of a relief period…
MSME Alliance has opposed KRA’s proposed increase in the consolidated cargo customs benchmark from Ksh2.5 million to Ksh3.2 million. The alliance says the 28 per cent increase would raise import costs, squeeze working capital and threaten the survival of small businesses. It wants KRA to retain the Ksh2.5 million benchmark and consult traders before making…
Sugar cane farmers in the country have vehemently opposed proposals to exempt exporters and manufacturers importing white refined industrial sugar from paying the four per cent Sugar Development Levy. Sugar Campaign for Change (Sucam), coordinator Michael Arum said in a statement that farmers described the proposal by the Kenya Association of Manufacturers (KAM) as “misguided, legally unfounded,…
