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

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

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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