Cheaper goods expected as MPs back tax bill - News Summed Up

Cheaper goods expected as MPs back tax bill


But although they passed the 2020 Tax Laws (Amendment) Bill, lawmakers warned that the common man may not benefit from the move as envisioned by Mr Kenyatta. By SAMWEL OWINOMore by this AuthorYou will soon be saving Sh2 for every Sh100 you spend buying goods and services that attract value-added tax (VAT). But although they passed the 2020 Tax Laws (Amendment) Bill, lawmakers warned that the common man may not benefit from the move as envisioned by Mr Kenyatta. Debating the tax changes, MPs described the move as populist and warned that it may in the long-term be detrimental to the economy. People are just talking about washing hands, staying at home, but Kenyans are waiting when they will be given food,” Mr Gachagua said.


Source: Daily Nation April 15, 2020 05:02 UTC



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