KPMG, Law Society of Kenya oppose proposed excise duty on cooking oil

Parliament has been urged to reject proposals to introduce 2.5% Motor vehicle tax that is intended to collect Ksh50B and instead spread it to all fuel consumers by increasing fuel levy by one shilling. While submitting views on the finance bill 2024 before the finance and planning committee of the national assembly, Stakeholders including KPMG and the Law Society of Kenya also opposed the proposed 25% excise duty on cooking oil saying it will further increase the cost of living. Kenyans have 13 days remaining to submit their views. Giverson Maina with public views on the finance bill.

Connect with KBC Online; Subscribe to our channel: https://t.ly/86BKN Follow us on Twitter: https://twitter.om/KBCChannel1 Find us on Facebook: https://www.facebook.com/kbcchannel1TV Check our website: https://www.kbc.co.ke/

#kbcchannel1 #news #kbclive