Kenya President Ruto eyes more taxes in IMF deal

Kenya President Ruto eyes more taxes in IMF deal

Kenya President Ruto eyes more taxes in IMF deal

The cost of essential goods and services is set to rise in a proposed review of taxation laws as the Ruto administration appears to buckle under decade-long pressure from the International Monetary Fund to drop blanket reliefs on consumption.

Treasury Secretary Njuguna Ndung’u has disclosed a plan to stop the zero-rating of value-added tax (VAT) on the supply of tens of goods.

For more information, please see https://www.theeastafrican.co.ke/tea/business/ruto-eyes-more-taxes-from-food-medicines-in-imf-deal-4368724

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