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Change Of Tune On New Gas Prices As Energy Plans To Block 16% VAT

The Energy Dealers Association (EDA) wants a court to block the 16 percent value-added tax on cooking gas that took effect this month.

EDA Secretary-General Kepher Odongo Friday filed a suit at the High Court through Okoth and Co. Advocates.

Prices of goods rise after President Kenyatta signs Finance Act into law Cooking gas, phone airtime and loan fees among those hit with new taxes 16% VAT on cooking gas pushes price of 1Kg cylinder up by at least Ksh300.

In 2016, Treasury waivered the 16% VAT on Liquefied Petroleum Gas (LPG) which made the cost of Gases drop. Yesterday, Your Favourite Tax-us Ranger, CS Ukur Yatani slapped LPG with a 14% VAT which means you are going to pay like Ksh. 300 more for a 13Kg Gas. 

VAT should be reduced on home energy efficiency projects and products using recycled materials to help boost a green recovery. "Kenya needs a tax system that is fit to help deliver its goal of cutting greenhouse gases to net-zero.

Content created and supplied by: Mathee (via Opera News )

Energy Dealers Association Finance Act Kenya Kepher Odongo LPG

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