Beer cheaper in Uganda, Tanzania on reduced cost of excise stamps
Nairobi, Feb. 25 -- More Kenyans living in border points may find it pocket-friendly to cross into Tanzania and Uganda for a beer after the two countries slashed the price of excise stamps, one of the cost components of the beverage.
Tanzania last month lowered the excise stamps affixed on excisable goods including beer and spirits, pushing down the cost of producing a tipple.
This is the second time Tanzania has lowered the price of excise stamps, even as Kenya plans to double the price in what is aimed at helping the Kenya Revenue Authority (KRA) offset a Ksh4.5 billion ($30.72 million) the taxman owes Siscpa, the Swiss company contracted to manufacture the stamps.
On February 5, 2024, the Tanzania Revenue Authority (TRA) published n...
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