Kenya’s National Treasury has published the Budget Statement for 2022/23, which was delivered to the National Assembly on 7 April 2022. Tax policy measures announced as part of the statement include:
- VAT exemptions for:
- plant and machinery used by manufacturers of pharmaceutical products;
- medical oxygen supplied to registered hospitals, urine bags, adult diapers, artificial breasts, and colostomy or ileostomy bags for medical use;
- inputs and raw materials used in the manufacture of passenger motor vehicles; and
- locally manufactured passenger motor vehicles;
Source Orbitax
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