More taxes on petroleum will stall economy - KEPSA

KEPSA says the value added tax on petroleum will make life unbearably expensive for Kenyans. [Courtesy]

Private sector players in Kenya want the Government to put on hold plans 16 per cent Value Added Tax on petroleum products that come into effect September, noting it will make life unbearably expensive for Kenyans.

The Kenya Private Sector Alliance (KEPSA) said the Government should instead implement initiatives that can enable businesses grow and in turn increase tax collections.