Kenya: Police Deployed As Nairobi Traders Protest Increased Taxes On Imports
[Capital FM] Nairobi -- Police have been deployed around the Archives, Luthuli Avenue and Railways Roundabout in Nairobi's central business district as traders prepare to march to the Kenya Revenue Authority (KRA) offices in protest against a revised customs valuation benchmark.
Nairobi's central business district saw police presence as traders planned a march to the Kenya Revenue Authority over increased taxes. Businesses were largely closed on Friday, joining a boycott against a revised customs valuation benchmark. The minimum yield for consolidated cargo rose from Sh2.5 million to Sh3.2 million, a 28% increase.
Traders claimed the hike would raise import costs and pressure profits, potentially forcing price hikes or reduced operations. KRA denied the benchmark equates to a fixed tax, stating it's a risk-management tool for simplified clearance. The authority attributed the change to exchange rates, freight costs, and tax laws. The revised benchmark went into effect August 21, with traders threatening nationwide shutdowns over the issue.
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- KRA says no business tax increase amid Nairobi traders’ protests peopledaily.digital
- Police deployed as Nairobi traders protest increased taxes on imports capitalfm.africa
