- Kenya’s National Treasury is considering introducing a 16 percent value-added tax (VAT) on bread and milk
- Current structure where VAT on bread and milk is zero-rated has failed to benefit poor households
- Zero-rated goods are exempt from VAT and make products more affordable for lower-income consumers
- Treasury Cabinet Secretary Prof Njuguna Ndung’u mentioned the possibility of creating refunds for institutions dealing with products consumed by the poor
Source: theeastafrican.co.ke
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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