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Kenya Considers Finance Act Review to Halt Avocado Double Taxation

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The Kenyan government is considering amendments to recently implemented financial laws to prevent double taxation on avocados in response to mounting pressure from farmers concerned about the impact of the new duty.

Currently, Kenyan avocados face a 30 percent duty when accessing the Indian market, this, coupled with the domestic tax, threatens to render Kenyan produce uncompetitive in the global market.

Speaking at his Official Residence in Karen, Nairobi, Mr Gachagua underscored the significant economic potential within the avocado value chain. Following the meeting, it was decided that an intergovernmental consultation would convene within the week to establish parameters to address challenges faced by avocado farmers, including tax issues.

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Fonte: ITWeb - 🏆 45. / 51 Leggi di più »