Scrap metal dealers warn of industry collapse over new tax proposal

Knight Scrap Metal Dealers Association Chairman Evans Ng'ang'a during public hearing on the Business Laws (Amendment ) Bill, 2024 before the National Assembly's Trade Committee at Bunge Towers, Nairobi, on November 27, 2024. [File, Standard]

Scrap metal dealers have appealed to Parliament over proposed changes in the Finance Bill, 2025 that would raise the withholding tax on scrap metal transactions to five per cent, saying the move could cripple the industry and result in mass job losses.

Knight Scrap Metal Dealers Association chairman Evans Ng'ang'a, said the tax proposal threatens to dismantle a vital cottage industry that supports more than a million families and serves as a key supplier of raw materials to Kenya's steel manufacturing sector.