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Good News To Cooking Gas Consumers After This Major Breakthrough Move by Stakeholders

Finance Act, 2021 came into effect last week after Presidential assent, a move that reintroduced Value Added Tax (VAT) on liquefied petroleum gas (LPG). Consumers will now be required to pay at least Ksh350 more for cooking gas.

According to Business Daily report with citation from Kenyans.co.ke, members of the Energy Dealers Association have filed a petition to stop the government from reintroducing a 16% tax on the commodity as this will spike its cost.

“The change in consumers' character will have the ripple effect of affecting the small and medium clean cooking gas enterprises as the decrease in demand of their products may make their business models less commercially viable,” the association stated as quoted by the publication.

They further added that amidst the Covid-19 pandemic, several sectors have experienced operational and financial challenges that have forced them to cut on production and hence lay off most of their workers.

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

Business Daily Covid-19 Energy Dealers Association Kenyans.co.ke Value Added Tax

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