- Kenyan scrap metal dealers welcome Finance Bill 2026 tax changes, saying they could ease compliance and support industry growth.
- They particularly support the proposed withholding tax and the removal of VAT on scrap metal transactions.
- Dealers say the changes would reduce administrative burdens, lower compliance costs, and create a more predictable business environment.
- They also argue that a turnover tax would widen the tax base by bringing more collectors and dealers into the formal tax system.
- Overall, the sector strongly backs the proposed VAT exemption and broader formalisation of scrap metal trade.
Source: citizen.digital
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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