Tea traders lobby warn of imminent increase in prices over new tax

TEA traders want a new tax imposed on local tea revoked adding that it will make Kenyan tea uncompetitive and reduce farmer's earnings immensely. Under the umbrella body of East African Tea Traders Association, the traders have demanded for a review of the tea Ad Valorem levy of one per cent per kilogram of tea. The new tax was gazetted in January replacing the previous taxation that was charged at Sh46 per kilo of made tea. Eatta said the new tax would result in a 700 per cent increase on tea price depending on the prevailing price at the auction...