Value Added Tax (VAT)
The Value Added Tax (VAT) is a consumption tax collected through agents at points of purchase. The Exchequer intends to review its thresholds upwards in view of VAT erosion over time. Its threshold currently stands at Ksh. 5M even as the government proposes to add more collecting agents to its base.
There will also be a review on VAT exemptions and zero rating as VAT revenue as a percentage of the GDP had decreased over time. The draft MTRS document says the government shall limit zero rating to exports and remove all exemptions except for unprocessed goods.
- VAT on Education
- VAT on Insurance
- Excise Duty on Petroleum Products, Tobacco products, and Sugary juices
- Carbon Excise Tax and Green Fiscal Incentives
Source: www.citizen.digital
Latest Posts in "Kenya"
- 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
- KRA Announces Customs Agents License Renewal Applications for 2026
