The Government has removed tax on liquefied petroleum gas (LPG) – commonly known as cooking gas. The move is meant to increase the number of Kenyans using clean energy and reduce the cost of living.. This is after President Uhuru Kenyatta assented to the Finance Bill 2016, which among others regulate taxation measures in respect of gaming, betting and competition. Other major amendments in the Finance Act, 2016 include the removal of excise duty on locally assembled motor vehicles and motor cycles to promote assembly; tax amnesty for taxpayers who have investments outside Kenya to reinvest back home; VAT exemption for park entry fees and tour operator services to promote tourism; VAT Exemption for inputs for manufacture of animal feeds, aimed at reducing the cost of the feeds and reduction of income tax corporate tax rate from 30 per cent to 15 per cent for investors who put up more than 400 residential housing units to promote housing development. Further amendments include the...
Emancipate yourself from mental slavery, None but ourselves can free our minds. Have no fear for atomic energy, 'Cause none of them can stop the time.