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
-
Business2 days agoTHE GREAT HOLLOWING: How James Mworia Extracted KES 750 Million While 33,000 Centum Shareholders Lost Everything
-
News1 week agoEste Medical Kenya Fights American’s Explosive Complaints
-
Investigations1 week agoLifeCare on the Brink: SHA Fraud, Stolen Wages, and the Rotten Empire Jayesh Saini Built
-
Americas1 week agoInside FAFSA Fraud: How Kenyan Cybercriminals Siphoned Millions from America’s Sh12 Billion Student Loan System
-
News6 days agoEight Students Arrested In Kenya After Suspected Deadly School Arson Attack
-
Investigations3 days agoBetika Faces DCI Probe, Directors Arrest and License Revocation Over Massive 29.5 Million Safaricom Customers’ Data Breach
-
Investigations1 week agoLSK On The Spot For Renewing Rogue Lawyer Dennis Onyango’s Licence Despite Mounting Evidence He Held Foreign Investors’ Millions Hostage
-
News4 days agoHow Uhuru’s Deal With Obama In 2015 Paved Way For America’s Ebola Plan In Kenya