Kenya: Tough Time for Consumers As Treasury Rolls Out VAT Law

[The Star]A general rise in the cost of consumer goods is expected today as the newly enacted Value Added Tax law comes into force. The Treasury expects to collect 10 billion shillings more in the current fiscal year from the new VAT measures. But the new law has also come as a big relief to both the Treasury and the taxman, having reduced the amount of monthly refund claims by half to about 600 million shillings.

Powered by WPeMatico

This entry was posted in African News. Bookmark the permalink.

Comments are closed.