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Products currently exempted from VAT

Currently, bread is VAT-zero-rated. The inclusion of the 16 percent will shut up the prices from 60 to 70.

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by PURITY WANGUI

News15 May 2024 - 10:11

In Summary


  • On the Finance Bill 2023, the introduction of an 8 percent increase to 16 percent VAT on fuel, among others, sparked a public outcry.

National Treasury's new proposals under the Finance Bill 2024, the price of bread is set to rise by at least Sh10.

Currently, bread is VAT-zero-rated. The inclusion of the 16 percent will shut up the prices from 60 to 70.

On the Finance Bill 2023, the introduction of an 8 percent increase to 16 percent VAT on fuel, among others, sparked a public outcry.



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