Confusion as EAC Gazettes new taxes on diapers, phones, TVs Days After Finance Bill 2024 Withdrawal

Confusion as EAC Gazettes new taxes on diapers, phones, TVs Days After Finance Bill 2024 Withdrawal

Confusion as EAC Gazettes new taxes on diapers, phones, TVs Days After Finance Bill 2024 Withdrawal: The East African Community (EAC) published on its website a gazette notice outlining the approved measures on import duty rates in the EAC External Tariff (EAC CET).

Concerns were raised after some of the items (goods) targeted for duty or taxation as captured in the EAC Gazette Notice Vol. AT 1 – No.18 – are some of the hot potato items on the Finance Bill 2024.

Items like baby diapers, mobile phones, television sets, also crude palm oil, and furnitures will shoot because of increase in taxes.

This means that such goods, as listed, will be subjected to the new customs duty, making their prices to go up.

On Baby Diapers, EAC members have jointly made a decision to apply a duty rate of 35% for one year contrary to the previous 25 %. This means that prices of diapers will increase as duty goes up.

Television sets will now apply a duty rate of 35% for one year, moving away from the EAC CET rate of 25%.

As for mobile phones, Kenya has made a decision to stay application of EAC CET rate of 0% and apply a duty rate of 25% for one year. This will have the net effect of an increase in prices of mobile phones.

Concerning crude oil, Kenya to stay application of the EAC CET rate of 0% and apply a duty rate of 10% for one year. Also affected include refined Soya Bean Oil, RDB Palm OLEIN, Other Palm Oil Refined Sunflower Oil, Refined Corn Oil.

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