The Kenyan Parliament’s decision to endorse the increment of VAT on fuel from 8 per cent to 16 per cent is a major blow to hustlers, happening just a few months after the same government promised to reduce the cost of living.
Negative Impact
The VAT on fuel is also like to have a negative impact on the economy. Higher fuel prices will make it more expensive to do business, which could lead to job losses and a decrease in economic growth.
Source: nation.africa
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