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Show Swahili

Drama as proponents of 8% VAT temporarily walk out of National Assembly

20th September, 2018

Sending money via mobile money transfer service will be more expensive should MPs pass the sweeping tax proposals by the President. It will also be painful withdrawing cash from an ATM, transferring money from your bank account into your mobile money wallet or just depositing a banker’s cheque for your child’s school fees after the Government proposed doubling taxes on all bank as well as mobile money transactions.

Time spent on Facebook, Whatsapp or Twitter will be more precious, as tax changes will see the cost of Internet bundles go up. Cries will also be heard in rural areas as Uhuru increases the tax on kerosene, making cooking and lighting for millions of poor rural folk an expensive affair.

Sweets and chocolates have not been spared, as the Government moves to plug a Sh600 billion budget hole. The radical proposals were introduced after the President halved the controversial 16 per cent fuel levy to calm growing public outrage. The President also cut spending on key development projects.

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