BusinessOil & Gas/Mining

Kenyan MPs vote to double taxes on fuel

On Wednesday, ruling party coalition MPs pushed through the proposal with 184 approving the clause within new finance bill, while 88 lawmakers opposed it.

Kenyan MPs have voted in favour of doubling of the value added tax (VAT) levied on fuel to 16%, which is expected to add to the rising cost of living.

On Wednesday, ruling party coalition MPs pushed through the proposal with 184 approving the clause within new finance bill, while 88 lawmakers opposed it.

The government, which is looking to raise about 50bn Kenyan shillings (US $356million; £279m) from the additional tax, has defended the move as necessary amid a rising debt burden.

But the leader of the opposition MPs in parliament said it was punitive, terming the decision to push ahead with the fuel tax clause as “the saddest day in the history of this country”.

This week, Kenya’s parliament has been combing through clauses within the unpopular finance bill and considering and voting on amendments.

Besides the fuel tax, some of the controversial proposals include a housing fund levy to be paid by all salaried workers and an increase in taxes for social media influencers.

 

Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale
Tune in to broadcasts 
online: www.asaaseradio.com, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming on facebook.com/asaase99.5. Also on YouTube: Asaase Radio Official.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.

#AsaaseRadio
#AmplifyingTheVoiceofOurLand
#SafeMotorway4All

Source
BBC
Show More

Related Articles

Back to top button

Adblock Detected

ALLOW OUR ADS