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
