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Finance Act 2026 takes effect with higher tax on imported sugar

  • | Citizen TV
    855 views
    Duration: 3:37
    The Finance Act of 2026 has officially come into force, with imported sugar among the biggest casualties. Excise duty on imported sugar has been raised more than fivefold from about 7 shillings to 40 shillings per kilogramme. The higher tax is expected to push up the cost of imported sugar in the coming days, in a move the government claims is meant to shield local producers. Here now is Jasmine Wambui with a look at what changes the country should expect at the turn of the financial year.