The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Man walks past a petrol station along Koinange Street in Nairobi. [Elvis Ogina/Standarrd]
The VAT Act 2013 that came into effect on September 1, 2013 introduced value added tax on petroleum products such as petrol, diesel, kerosene and natural gas.
However, noting the adverse effects of introducing VAT on petroleum products, the VAT Act 2013 exempted petroleum products for a period of three years from commencement of the Act.
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