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You are among the biggest losers in this year’s budget following an increase of Value Added tax on petroleum products from 8 percent to 16 percent, which is likely to impact on the price of goods and services. National Treasury Cabinet Secretary Prof. Njuguna Ndung’u has also introduced two new tax bands with those earning earning half a million shillings to be taxed at 32 percent while those earning 800,000 shillings will be taxed at 35 percent. Connect with KBC Online; Subscribe to our channell: https://t.ly/86BKN Follow us on Twitter: https://twitter.com/KBCChannel1 Find us on Facebook: https://www.facebook.com/kbcchannel1news Check our website: https://www.kbc.co.ke/
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Price of goods and services likely to go up as VAT on petroleum products shoots from 8 to 16 percent
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