By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
sauce.co.kesauce.co.kesauce.co.ke
  • News
  • Grapevine
  • Politics
  • Security
  • Business
  • Technology
  • Media
  • Sports
  • Entertainment
Reading: Alcohol importers to pay up to Sh1 m for licenses in new taxes
Share
Notification Show More
Font ResizerAa
sauce.co.kesauce.co.ke
Font ResizerAa
  • News
  • Grapevine
  • Politics
  • Security
  • Business
  • Technology
  • Media
  • Sports
  • Entertainment
Search
  • News
  • Grapevine
  • Politics
  • Security
  • Business
  • Technology
  • Media
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » News » Alcohol importers to pay up to Sh1 m for licenses in new taxes

Alcohol importers to pay up to Sh1 m for licenses in new taxes

Last updated: November 24, 2023 12:07 pm
3 years ago
Share
2 Min Read
alcohol taxes
SHARE

The National Campaign Against Alcohol and Drug Abuse (NACADA) has unveiled a tiered licensing fee structure for businesses engaged in the importation or exportation of alcoholic beverages in Kenya.

The regulatory body specified a maximum licensing fee of Sh1 million for such enterprises.

NACADA said it had assumed licensing functions from the Intergovernmental Relations Technical Committee. The licensing fees are categorized based on the volume of alcoholic drinks intended for import or export over the next twelve months.

“Fees payable are according to the volumes intended to be imported or exported in the coming period of twelve months,” the statement read

According to NACADA’s directive, businesses dealing with the import or export of one million liters are required to pay an annual licensing fee of Ksh1 million. For volumes ranging from 500,000 to 999,999 liters, the fee stands at Ksh500,000, while any amount below that threshold incurs a licensing fee of Ksh250,000.

The regulatory body emphasized that the processing of certificates would be completed within 14 days after receiving an application. As part of the application process, interested parties must download a form from the NACADA website and submit the duly filled Application Form to the designated receiving officer within the legal department.

The NACADA Licensing Committee will then convene to assess whether an applicant qualifies for an import/export license. Upon committee approval, the applicant will be required to pay the prescribed license fees. Notably, only approved applicants will receive notification to proceed with the fee payment.

Traders can collect their licenses from the NACADA offices once they are ready, as communicated by the regulatory body. NACADA’s move is seen as a measure to regulate and monitor the alcohol trade while streamlining the licensing process for businesses operating in this sector in Kenya.

You Might Also Like

President Ruto Announces Sh3 Billion NYOTA Disbursement

Buckingham Palace says Prince Harry will not stay at palace

DCI Investigates Murder of High Court Advocate Found Dead Outside Athi River Estate

Utumishi Girls Academy Reopens in Phases as Grade 10 Learners Return After Deadly Dormitory Fire

Three Held After Woman Falls from Kilimani Apartment During Party

Share This Article
Facebook Twitter Whatsapp Whatsapp Email
Previous Article Ciroc vodka cuts ties with Diddy Rapper Sean ‘Diddy’ Combs accused of rape in new lawsuit
Next Article 8 dead as Matatu ferrying guests from Rachel Ruto’s event swept by floods
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Latest stories

  • President Ruto Announces Sh3 Billion NYOTA Disbursement
  • Buckingham Palace says Prince Harry will not stay at palace
  • DCI Investigates Murder of High Court Advocate Found Dead Outside Athi River Estate
  • Utumishi Girls Academy Reopens in Phases as Grade 10 Learners Return After Deadly Dormitory Fire
  • Three Held After Woman Falls from Kilimani Apartment During Party
  • DCI Launches Investigation After Armed Motorbike Gang Robs Restaurant in Westlands
  • TikToker Rish Kamunge Claims Kirinyaga Senator Kamau Murango Gifted Her Prado and Built Her a House
  • Dog Leads Villagers to Gruesome Murder Scene in Machakos
  • Grade Six Pupil Recovering After Electrocution Incident in Awendo

You Might Also Like

DCI Launches Investigation After Armed Motorbike Gang Robs Restaurant in Westlands

12 hours ago

TikToker Rish Kamunge Claims Kirinyaga Senator Kamau Murango Gifted Her Prado and Built Her a House

12 hours ago

Dog Leads Villagers to Gruesome Murder Scene in Machakos

12 hours ago

Grade Six Pupil Recovering After Electrocution Incident in Awendo

12 hours ago

Pages

  • About us
  • News
  • Privacy Policy
  • sauce.co.ke

Find Us on Socials

sauce.co.kesauce.co.ke
Follow US
All rights reserved. A publication of Mercury Communications KE