The Senate Majority leader proposed a raft of measures to be taken to cushion the economy including issuance of concessionary loans at low rates by banks, release of VAT refunds by government to assist businesses manage cash flow, and issuance of tax breaks to companies seeking to increase their capacity to import substitute goods.
Source: citizentv.co.ke
Latest Posts in "Kenya"
- World Bank Urges Kenya to Raise Consumption Taxes to Clear Supplier Debts
- Kenya Implements New Import Compliance Obligations
- Kenya High Court Rules Payment Services as VAT-Exempt, Overturns Tribunal Decision
- KRA Reminds Operators to Renew Bonded Warehouse and MUB Licenses by December 2025
- KRA Reminds Transporters to Renew Transit Goods Vehicle Licenses by October 31