Kenyans can breathe a sigh of relief as Members of Parliament reject the introduction of VAT for the supply of maize and wheat flour while further on liquefied petroleum gas to eight per cent from the current 16 per cent.
Gains from the trading of derivatives through the Nairobi Securities Exchange (NSE) to be exempted from income tax.
Digital Services Tax (DST) retained at 1.5 per cent
The supply of fertilizers zero rated
VAT on LPG falls to eight per cent from 16%
The rate of excise duty on powdered beer (Keg) retained at Ksh.121.85 per litre.
The supply of maize, cassava, wheat and meslin flour is retained under the exempt and zero rated category which means the commodities will not attract VAT (at the rate of 16 per cent).
Excise duty on bottled water, non-alcoholic beverages retained at Ksh.6.03 per litre.