Business & Finance
Kenya to Raise $763 Million After Lawmakers Tone Down Tax Plan
Key Points
Kenya to Raise $763 Million After Lawmakers Tone Down Tax Plan Kenyan lawmakers watered down a slew of tax proposals fronted by the Treasury that would have raised nearly $1 billion for the East African nation’s budget. The National Assembly rejected measures including a 25% excise duty on imported mobile phones and declined to end preferential tax treatment for locally assembled electric vehicles and raw materials for animal feeds and pharmaceuticals.
Kenya to Raise $763 Million After Lawmakers Tone Down Tax Plan
Kenyan lawmakers watered down a slew of tax proposals fronted by the Treasury that would have raised nearly $1 billion for the East African nation’s budget.
The National Assembly rejected measures including a 25% excise duty on imported mobile phones and declined to end preferential tax treatment for locally assembled electric vehicles and raw materials for animal feeds and pharmaceuticals.