New taxes reality check as Finance Bill now lawR

Coca-cola Beverages Africa Managing Director Daryl Wilson (right) flanked by Manufacturing Director Duncan Kimani, during a tour of the company's manufacturing plant in Nairobi. [David Njaaga/Standard]

You will start paying more for bottled water, juice and soda next week as the Kenya Revenue Authority (KRA) starts implementing the controversial Excise Goods Management System.

The move came just hours after President Uhuru Kenyatta assented to the Finance Bill yesterday as the taxman seeks to raise Sh3.6 billion to bridge a widening budget deficit and meet the country’s growing debt repayments.