× Digital News Videos Health & Science Lifestyle Opinion Education Cartoons Columnists Moi Cabinets Arts & Culture Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

President Uhuru Kenyatta assents to bill aimed at providing funds for standard gauge railway

By PSCU | October 24th 2013


Nairobi, Kenya: President Uhuru Kenyatta Thursday at State House Nairobi signed into law the Finance Act 2013.

The Act amends the Customs and Excise Act by introducing a Railway Development Levy to be paid on all goods imported into the country for home use.

The levy will be charged at a rate of 1.5 per cent of customs value of the goods and will be paid by the importer. This will provide funds for the construction of standard gauge railway network to facilitate transportation of goods.

“The levy shall be at the rate of 1.5 percent of the customs value of the goods and shall be paid by the importer of such goods at the time of entering the goods for home use,” says the Act

The relevant paperwork for the signing of the Act was presented to the President by National Assembly Speaker Justin Muturi.

Share this story
Golden chance presented for MPs to amend VAT Act
The Parliamentary Budget Office, an advisory team of economists and fiscal analysts, has done its part and has given the National Assembly the tools it needs to amend the controversial Value Added Tax (VAT) Act, 2013 whose implementation led to a sharp rise in the price of many goods and services consumed by the more vulnerable members of the Kenyan society.
I eagerly await my baby's first steps
Spina Bifida, and though rare in the general population, it is the most common neural tube defect in the world