State to collect Sh40 billion revenue from new taxes

Treasury CS Henry Rotich when he appeared before the National Assembly Finance Committee on audit queries at County Hall, Nairobi. [Boniface Okendo/Standard]

New excise tax measures will see the Government collect additional Sh40 billion in the current financial year, the Treasury’s 2018-19 revenue estimates have shown.

Treasury has projected that it will rake in Sh218.9 billion in excise taxes in the financial year ending June 2019, an uptick of 22 per cent from the Sh179.4 billion it expected to collect in the 2017-18 period.