Liquefied petroleum gas (LPG), raw material for the manufacture of fertiliser, and improved tea for export will be exempted from value-added-tax (VAT) if Parliament approves proposals in the Finance Bill 2023 that are aimed at bolstering economic growth through President William Ruto’s Bottom-up Economic Transformation Agenda (BETA).
The Bill also seeks tax exemptions on the transportation of sugarcane from farms to milling factories as well as raw material for pharmaceutical and pest control products manufacture.
Source: nation.africa
