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New VAT Bill put on hold

13 November 2012, 11:29

Nairobi - Daily Nation reports that the Treasury has shelved plans to reintroduce the controversial Vat Bill until after the next government comes to power.

This is after the Bill received much criticism and opposition from the public and some MPs.

The VAT Bill 2012 had attracted a barrage of criticism after it sought to introduce a 16 per cent tax on fertiliser, maize flour, bread, wheat flour, milk and other basic commodities like books.

- For more visit Daily Nation

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