Sign in
Download Opera News App

 

 

The New Prices Of Gas Cylinders After Approval Of VAT Levies That Has Surprised Many Kenyans

After the KRA authorized the Value Added Tax (VAT) on cooking gas, the standard of life could improve in the second part of this year. According to KRA reports, VAT will be applied to cooking gas pricing from today, July 1, 2021.

Kenyans have been heartbroken by this news, as they have been purchasing liquefied petroleum gas (LPG) at prices that do not include VAT since mid-2016.

The expensive cooking gas, according to middle-income citizens, will add to rising energy prices, which have become a political headache for the government, which has been forced to offer fuel subsidies in the last three months to defuse public outrage over a monthly review that would have pushed costs to an all-time high.

Households would have to pay an additional sum of up to Sh350 for the 13-kg cooking gas, which is projected to retail for up to Sh2,600 on average, according to the price provided by KRA.

The Kenya tax collector told the media that the plan to impose VAT on LPG is still on track, and that the levies will go into effect on July 1, 2021.

In their pronouncements, the Kenya Revenue Authority (KRA) also stated that the 16 percent tax would be imposed in order to realize the predicted revenue collection amount.

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

KRA Kenyans LPG Value Added Tax

COMMENTS

Load app to read more comments