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EAC states review CET to protect imported goods from double taxation

Published on June 27, 2016

East African Community member states have resolved to review the common external tariffs (CET) for goods imported into the region to strike a deal on  the taxation of “sensitive” products.

Wheat and textile are classified as sensitive goods and their imports attract higher duty because the idea is to protect local industries. But in cases where countries do not have the capacity to produce they ask for special rates to import them from outside the EAC. So Kenya had asked for a rate of 10 per cent  to import wheat instead of the standard 35 per cent. Read more. Source | East African