Public participation on proposed VAT reduction ends Monday

Public participation on the proposed reduction on value added tax to cushion Kenyans from the effects of the coronavirus pandemic will come to a close Monday at 5pm. 

Kenyans are expected to have submitted their views in writing on the 2020 tax laws amendment bill which was announced by president Uhuru Kenyatta by the close of business Monday. 

The invitation of the public to submit their views is in line with article 118 (1)b of the constitution. 

The national assembly is expected to have a special sitting on Wednesday to consider the presidents’ proposals. 

A paper on measures taken or proposals to address the pandemic and related emergency will also be tabled. 

The national treasury cabinet secretary Ukur Yattani has already published gazette notice reducing the value added tax from 16 percent to 14 percent. 

These are among other measures that the president announced in his address to the nation. 

Others include, reduction of corporate tax from 30 percent to 25 percent, and 100 percent tax relief to persons earning 24,000 and below.

Also read https://www.kbc.co.ke/relief-for-kenyans-as-they-start-paying-lower-vat-of-14pc/

  

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