Kenya: Revised Finance Bill Still to Hurt Kenyans' Pockets More

Kenyans will now be forced to adopt green energy or bear with the increased cost of living as the government maintained that the negative impact of retaining VAT at 8 percent outweighs the positives.

"Dealers incur VAT at 16 percent but when they sell it it's at 8 percent. This means there's an 8 percent difference. The proposed VAT increase comes at a time when global oil prices have been soaring, exerting additional pressure on consumers' wallets.

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