Housing fund could tip the balance for low income earners

This year’s Finance Bill was packed with far reaching tax measures with a direct impact on both the ordinary Mwananchi and businesses.

The tax measures ranged from the introduction of a 16 per cent VAT on fuel to an imposition of excise duty on mobile money transfer and bank transfers. There was also the introduction of a 1.5 per cent National Housing Development Fund (NHDF) levy.