Parliament in sessionBusinesshe civil society group in clean energy sector wants a proposal to introduce a tax on solar and cookstoves. The civil society group in clean energy sector wants a proposal to introduce a tax on solar and cookstoves products in Kenya be dropped at least for the time being. Speaking at a Webinar convened by the Alliance for Civil Society Organizations for Clean Energy Access (ACCESS), the experts argue that the proposal would significantly water down gains towards access to modern energy for all. From a tax expertise perspective, PriceWater House Coopers says the Finance Bill 2020 proposal of deleting clauses providing exemptions to solar and clean cooking solutions will have far-reaching effects on the sector. When the sector VAT was zero-rated, the growth increased to 30 per cent annually, it says.

Source: Standard Digital June 09, 2020 18:31 UTC