New higher taxes on imported alcohol and sugar lifted customs revenue collection to a record Sh82.55 billion in January, representing a 121.1 percent performance rate for the Customs and Border Control Department.
The Kenya Revenue Authority (KRA) attributed the record collections in the period to the Tax Laws (Amendment) Act, which took effect on December 27, 2024, and introduced a new formula for calculation of excise duty on alcoholic beverages.
