Kenyans could soon breathe a sigh of relief after the Finance committee shot down a proposal by the ministry of finance to increase taxes on certain basic commodities.
According to reports, the finance committee in parliament has proposed a drastic reduction of taxes on basic commodities including maize flour, wheat flour, cassava and liquid petroleum gas.
The committee, which is set to table the proposals on Wednesday in parliament, has proposed that the prices of these commodities be reduced by half.
Treasury had proposed a new tax increase of 16% on maize, wheat and cassava flours. The committee has however proposed a zero tax on these commodities after taking into consideration the public outcry.
On the other hand, the committee has also proposed a major reduction on the tax of gas prices from 16% to half 8%.
However, prices of beauty products and nicotine will increase if the committee's proposals are adopted by parliament tomorrow.
If the committee's proposals are adopted tomorrow, then the prices of beer, wine and other alcoholic beverages will remain as it is and will not be taxed more. The treasury had proposed that prices of Spirits, ] beer and wine be increased by 20% and 10% respectively
Content created and supplied by: NRMedia (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More