Value Added Tax Stories

State to slash VAT, corporate taxes in bid to ease economic strain
Lucy Mumbi  |  Sep 09, 2024

National Treasury Cabinet Secretary John Mbadi said he will reduce VAT from the current 16 per cent to 14 per cent and corporate taxes from 30 per cen...

Highlights of Finance Bill 2024: Bread and credit cards to cost more
Barack Oduor  |  May 11, 2024

In the new changes targeting bread, a 400g loaf of bread could see a price hike of at least Sh10, raising the average cost from approximately Sh65 to...

Alarm over shift of Kenyan businesses to Uganda, Tanzania due to high costs
Amina Wako  |  Jan 28, 2024

Most of those affected are in the Cement, Steel and Paper industries which are directly hit by the export promotion levy.

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