The Kenya Revenue Authority (KRA) Commissioner General has made major announcements on matters Petroleum Products and taxation. According to him, adjustment inflation tax on Petroleum products has been removed.
Here is a link: https://ntvkenya.co.ke/news/relief-as-petroleum-products-exempted-from-6-3-inflation-adjustment/
It has emerged that the move to stop taxation on inflation adjustment was stopped after president William Ruto's intervention. Remember, the issue of inflation is affecting all products and it was supposed to be increased by 6.3 percent.
The government has however moved with speed to ensure matters taxation are under control. The government of William Ruto is trying all means possible to bring the cost of living down.
Githii Mburu opines that the move not to add inflation taxes on Petroleum products will without a doubt bring inflation of products down. This is indeed a move into the right direction and a clear confirmation that issues taxes will without a doubt move down due to the decrease in Petroleum Products taxes.
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