- The World Bank has recommended Kenya implement additional consumption taxes including excise duty and VAT
- The proposed taxes are intended to help clear mounting supplier arrears
- Implementation of these tax measures could potentially trigger fresh social unrest in the country
- Kenya is facing pressure to address its outstanding debts to suppliers through increased taxation
- The recommendation comes amid concerns about the social and economic impact of higher taxes on citizens
Source: businessdailyafrica.com
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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