MPs to debate VAT Bill
01 July 2013, 11:18
Nairobi - This week the focus will be on Kenya’s bottom millions in Parliament as MPs open debate on the Treasury’s fresh bid to tax basic goods and services, risking a general rise in consumer prices.
Business Daily reports that the Treasury secretary Henry Rotich has set the stage for round two of a battle his predecessor, Njeru Githae, lost by including basic commodities in the list of goods that qualify to be charged Value Added Tax (VAT).
If Parliament passes the VAT Bill 2013, the cost of food, medicines, electricity and agricultural inputs could rise sharply in the coming months.
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