The National Treasury is proposing the introduction of more taxes as President William Ruto's administration seeks additional revenue to fund his ambitious programmes. In the Kenya Kwanza government's Draft Medium-term Debt Strategy for the period 2024-25 and 2026-27, the National Treasury proposes a raft of major tax changes. Most of the EAC states have VAT at 18 per cent while Kenya charges 16 per cent. Regarding exercise duty on cigarettes and other tobacco products, the National Treasury proposes to harmonise exercise duty rate across filtered cigarettes, non-filtered cigarettes and other tobacco products. The National Treasury says it will take into account international best practices and promote fairness.

Source: The Star September 13, 2023 13:40 UTC