Relief as Parliament suspends 16% V.A.T on petroleum products


Get real time updates directly on you device, subscribe now.

On Wednesday afternoon the National Assembly  suspended the implementation of 16 per cent Value Added Tax (VAT) on petroleum products following public uproar.

The amendment to Clause 18 of the Finance Bill, 2018, was sponsored by Minority Whip and Suna East MP Junet Mohamed.

The House suspended the implementation of the VAT, which was to go into effect on September 1, 2018, for a period of two years.

In the event that the suspension by the Assembly is approved by President Uhuru Kenyatta, then the new interest rates will now take effect on September 1, 2020.

SOURCE: Citizen TV

Comments are closed.


We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

I accept I decline Privacy Center Privacy Settings