Kenyans to feel pain of new taxes as cost of goods, fuel to skyrocket

16 per cent VAT on fuel will see manufacturers pass the high production cost to consumers. [iStockphoto]

When most of the clauses in the Finance Bill 2023 come into effect next week on Saturday, the immediate shocker will be on the cost of fuel.

But there will also be shocker in the cost of essential goods as well as reduction in the take-home pay for Kenyans employed in the formal sector as the housing levy kicks in.