KNCCI welcomes one-month delay to higher cargo tax changes
Under the deal, the current benchmark of Sh2.5 million will remain in force until August 20, after which a revised benchmark of Sh3.2 million will take effect from August 21...
✨ Key Highlights
The Kenya National Chamber of Commerce and Industry (KNCCI) has welcomed a one-month delay in the implementation of increased cargo taxes, following constructive consultations with the Kenya Revenue Authority (KRA).
- The current customs benchmark of Sh2.5 million will remain until August 20, when it will rise to Sh3.2 million.
- Key stakeholders involved include the KNCCI, KRA, consolidators, and clearing agents.
- KRA has also agreed to waive storage charges for affected cargo and will keep the revised benchmark fixed for two years.
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KRA Customs Revenue Beats Target by Sh8bn - July 2026
The Kenya Revenue Authority's customs division exceeded its revenue target by Sh8 billion, reflecting strong performance in trade-related tax collection. This comes as the Kenya National Chamber of Commerce and Industry welcomed a one-month delay to higher cargo tax changes following consultations with KRA. Separately, the African Development Bank forecasts Kenya's economy will grow by 4.6% in 2026, with a slight increase to 4.7% in 2027.
