Experts fault implementation of VAT Bill
04 September 2013, 08:09
Nairobi - Tax experts on Tuesday said that Kenya needed a new Value Added Tax (VAT) law but it should have been effected slowly.
Rajesh Shah, a senior tax partner at Pricewaterhouse Coopers faulted the government of quickly implementing the bill that has resulted into an increase in prices of goods in the country, Daily Nation reports.
The implementation of the bill has subjected some items that were zero-rated or exempted from tax to 16 per cent tax and has seen prices of processed milk, cooking gas, electricity, exercise and text books, mobile phones, animal feeds and filming materials go up.
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