News
MPs Suspends The 16% VAT On Fuel In A Bill Sponsored By Junet Mohammed
The Parliament has this afternoon approved an amendment to Clause18 of the Finance Bill, 2018, sponsored by Minority Whip Junet Mohamed ,suspending the implementation of 16% VAT on fuel,which was to take effect on 1st Sept.2018, for a period of 2 years, citing the high cost of living.
The amendment brought on the finance bill by minority whip Junet Mohammed means that the levy will take effect on September 1, 2020.
The House has further rejected a proposal contained in the Finance Bill, 2018, and adopted by the Committee on Finance & National Planning, seeking the reduction of Gaming Tax from 35% of revenue to 15%. The Gaming tax on revenue remains at 35%.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
-
Investigations2 weeks agoDEATH TRAPS IN THE SKY: Inside the Sordid World of West Rift Aviation’s Deadly Corruption Cartel
-
Business5 days agoSAFARICOM’S M-SHWARI MELTDOWN: TERRIFIED KENYANS FLEE AS BILLIONS VANISH INTO DIGITAL BLACK HOLE
-
Grapevine2 weeks agoEX–YOUTH FUND BOSS GOR SEMELANG’O JAILED IN DUBAI OVER MONEY LAUNDERING LINKS
-
Politics2 weeks agoRuto’s Reshuffle Storm As Moi, Ida Odinga Tipped To Join His Cabinet
-
Business2 weeks agoEquity Bank CEO James Mwangi Kicked Out of Sh1 Billion Muthaiga Mansion
-
Investigations2 weeks agoWhose Drugs? Kenya Navy Seizes Drug Ship In Mombasa Carrying Sh8.2 Billion Meth
-
Grapevine2 weeks agoEX-YOUTH FUND BOSS GOR SEMELANG’O JAILED IN DUBAI FOR DEFRAUDING BUSINESSWOMAN
-
News1 week agoBLOOD IN THE SKIES: Eleven Dead as West Rift Aviation’s Chickens Come Home to Roost in Kwale Horror Crash