The Institute of Certified Public Accountants Chair Rose MwauraAccountants have called on the government to reduce fuel prices linked to the high cost of living. The Institute of Certified Public Accountants (ICPAK) said the recent increase in fuel prices is the highest since 2007 causing inflation in the economy. Mwaura said 2021 has been characterised by several major and far-reaching tax changes in Kenya including a digital services tax at the rate of 1.5 per cent of the transaction value. She said most Kenyans rely on kerosene and gas for lighting and cooking, making crude price a key determinant of the rate of inflation. The Chair urged the State to stabilize the prices of fuel to a considerable price.

Source: Standard Digital March 26, 2021 15:46 UTC