The treasury in the newly published proposed finance bill seeks to reintroduce taxing on petroleum products.
This tax was removed by the previous government in order to lower the cost of living by bringing down prices on fuel and as a result also lower the prices on products and services.
The treasury in this proposed finance bill deleted sections of the law that allowed the halving of VAT on all petroleum products and proposes a 16 per cent VAT, this means that the cost of petrol and diesel could increase significantly if the bill is passed, which also means that energy and transport costs will also increase.
The public sector trade union has come out to oppose the bill saying that the over taxation is a burden on public workers and renders them unable to afford basic commodities, and have demanded that parliament rejects the proposed amendments.
In the event that the bill is passed Kenyans should expect higher living expenses. The responsibility of passin the bill now falls to the national assembly Majority leader Kimani Ichung’wa and Budget Committee Chairman Ndindi Nyoro who it’s worth to note opposed the bill in 2021
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