National Assembly Finance Committee chairperson Kuria Kimani during a session at County Hall Nairobi on November 23, 2023.
The National Assembly is making a U-turn on the 16 per cent Value-Added Tax (VAT) on fuel just five months after raising the tax, an action that triggered a Sh35 rise in the price of a litre of petrol since June.
This has been revealed in a report on the draft National Tax Policy (NTP) by the National Assembly’s Finance Committee in which the committee has backtracked on its earlier support to the National Treasury to raise VAT on fuel from eight per cent.
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