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.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

THE FINANCE GHOST: Not swinging for the fencesThere may be plenty of deep value plays on the JSE now, but given South Africa’s sombre mood and sky-high interest rates, you should consider adding some yield to your portfolio
Source: FinancialMail - 🏆 20. / 63 Read more »

Joburg finance chief urges private sector to assist in revitalising cityDada Morero unveils R80.9bn budget for 2023/24, but says the city needs R4.3bn a month
Source: BDliveSA - 🏆 12. / 63 Read more »

Joburg Finance MMC Morero accuses DA of leaving city's coffers emptyDada Morero made the accusation during the opening of his budget speech in council on Tuesday.
Source: ewnupdates - 🏆 30. / 53 Read more »

PERSONAL FINANCE: Which fixed deposit account offers the best interest rate?With interest rates at their highest since 2009, it’s a great time to save money in a fixed deposit account. We take a look at the banks’ offerings.
Source: dailymaverick - 🏆 3. / 84 Read more »