Treasury removes VAT on basic commodities
20 June 2013, 09:48
Nairobi - The Standard reports the clause that was seeking to add a 16 per cent tax on basic commodities in the VAT Bill has been removed.
The controversial clause in the Bill was removed after being rejected by the MPs.
According to Economic Secretary Geoffrey Mwau, the Treasury is reviewing means of protecting the poor, including removing the proposed taxes on basic items such as food, medicines, fertiliser and agricultural inputs.
- For more visit The Standard
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