Relief to Kenyans with low incomes as the prices of cooking gases once again has been lowered after the parliament law of 8 percent reductions on VAT to food substance and cooking gases passed.
From the reports, the Treasury has cut value-added tax (VAT) charged on cooking gas by half, handing consumers a major relief amid rising global prices of the commodity of maize flour and petroleum products.
President Kenyatta literate that the prices of valuable and cooking gas cylinder weighing 13-kilogramme will fall by approximately Sh230.
“Section 5 of the Value Added Tax Act, 2013 is amended in sub-section 2 by adding the following new paragraph immediately after paragraph(aa)-(ab) in the case of the supply of liquefied petroleum gas including propane; eight per cent,” the new law signed by President Uhuru Kenyatta last week said in part.
President Kenyatta added that the Finance Act 2022 cut the tax on liquefied petroleum gas (LPG) supplies from the current 16 per cent to approximately eight percent.
The prices reduce varies according to brands. A 13-kilogramme cooking gas sold by Total currently retailing at up to Sh2,900 in most towns, will be lowered by Ksh 230, which is double reductions when the 8 percent VAT is calculated on the initial price.
Other brands like Pro Gas 13-kg is selling currently at an average Sh2,400, will be lowered by equivalent percentage.
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