Employed Kenyans will be deducted 1.5% from their monthly salaries to help finance a new low cost house project initiated by president Uhuru Kenyatta.The new law will compel salaried Kenyans to pay to the National Housing Development Fund to finance the multi-billion government housing project.This comes just after the government introduced 8% tax on fuel that saw the price of a litre of petrol, diesel and kerosene to go up drastically.As if that’s not enough, Uhuru also recommended excise duty on bank and mobile phone money transactions and internet data services.Mobile phone transaction excise duty will shoot up from 10% to 20%, excise duty on bank transactions will increase from 12% to 20% and the cost of internet data services also goes up to 15%.The Finance Bill, 2018 which Uhuru signed into law on September 21st is the genesis of this heavy taxation. It introduced a bundle of new taxes that will see Kenyans pay more for basically everything.
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8% Fuel Tax Isn’t Enough! KTN’s Lindah Oguttu Decries Uhuru’s New Punitive Tax on Salaried Kenyans
Posted on the 24 September 2018 by Jdymisster @jdymissterAuthor's Latest Articles
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