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"
- KRA to Integrate iCMS Export Data with iTax VAT Returns from May 2026
- Kenya Approves VAT Cut on Petroleum Products: Rate Reduced from 16% to 8%
- Kenya Parliament Considers Bill to Halve VAT on Fuel Products for Limited Period
- Kenya Cuts Fuel VAT to 8% for 90 Days; KRA Orders Fuel Stations to Update Systems
- Kenya Halves VAT on Fuel to 8% for 90 Days to Ease Pump Prices
