Hard Times ahead for Kenyans as KRA Announces 16 Percent Tax on Fuel
The Kenya Revenue Authority (KRA) has announced 16 percent tax on all petroleum products effective September 1st.
This means motorists will now have to dig deeper into their pockets for fuel and other products whose prices will be affected by the increased taxes. Already Matatu operators have announced fare prices will increase beginning this month as a result of the hiked fuel prices.
In a statement on Saturday, the taxman said the changes are found in the Finance Act 2013 which extended the exemption for three years and later by two years in the Finance Act 2016.
“KRA has instituted measures to support oil industry players in complying with the law. We have also engaged the Energy Regulatory Commission to ensure coordinated action by relevant Government agencies,” KRA Commissioner- General John Njiraini said in a statement on Saturday.
Consequently, KRA has urged importers, depots, distributors and retailers to charge, account and submit tax returns on the same by 20th next month.
On Thursday, Members of Parliament passed Finance Bill 2018 pushing the proposed increase of tax on petroleum products to 2020 but President Uhuru Kenyatta, who jetted out of the to China on Friday evening, is yet to sign it.
Comments
Haya ndiyo matokeo ya…
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Haya ndiyo matokeo ya serikali ambayo wafanyi kazi wake ni wezi.
Serikali inapandisha kodi ya mafuta ili ipate pesa kutokana na ukosefu wa pesa kwa sababu ya majambazi ya wizi wa pesa serikalini.
Tano Terror continues…
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Tano Terror continues. Jubilidiots still jubilating!
As always, its the common…
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As always, its the common man who bears the brunt of this hike.The taxes will be passed to the poor man in increased cost on products that use petrol in one way or another.Then you wonder if this government is for the people.Yes building schools, roads,hospitals is good,but if one cannot afford chakula,or school fees what good is that.Schools and hospitals should be free.Doesnt the common mwananchi deserves a descent life?We are not talking of luxury here when you live on sukuma weeki all year round,and walk 15 miles every day to work.
sometimes I wonder if we are truly created equal.Even if not ,shouldnt humanity even things out.How much can one person eat,or have? When we check out of this world, we shall leave every thing, why not share...,or help relieve the burden on the poor?
Yes there is enough for all our basic needs,but not enough for our greed...
Where is the Maendeleo being…
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Where is the Maendeleo being sang by some Kenyan idiots?Apart from looting and paying salaries,what else have they done with the shs 5t.loans being demanded by foreign masters?I am surprised that the law was passed by parliament in 2013 but the thuggery MPs are now blaming jambazi Rotich for the mess.Can Muturi clarify the matter?
Tano tena. Kumira Kumira…
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Tano tena. Kumira Kumira. Minji. Husler for president anyone?
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