Economy

Phone importation into Kenya goes up as govt imposes 10% levy

Importing mobile phones into Kenya will cost importers extra shillings effective July 1, 2022.

This is after President Uhuru Kenyatta signed Finance Bill, 2022 into law on June 21.

The bill imposed a 10 percent duty on importation of mobile phones and calculation will be based on the cost of mobile phones ordered into the country and other levies.

“Excise duty on importation of cellular phones shall be at 10 percent of excisable value,” read part of the Bill.

Currently, the use of telephone and internet data services already attracts a 20 percent duty which includes a 16 percent VAT.

Money transfer services like M-Pesa also attract a 12 percent duty charge.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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