Nairobi, Sept. 18 -- British American Tobacco #ticker:BAT (BAT) Kenya is pushing for a three-year tax holiday on local production of nicotine pouches and similar products at its $25 million (Sh2.7 billion) plant which is close to completion.
The firm says it has opened talks with the Treasury and the Kenya Revenue Authority (KRA) to have the non-combustible pouches to be initially exempted from excise duty for two to three years, and subsequently lower taxation than prevailing rates on cigarettes.
Managing Director Beverley Spencer-Obatoyinbo said the tax holiday will help it start manufacturing and set up distribution networks for local sales and exports in six-nation East African Community and 21-member Comesa markets.
She argued that ...