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Accountants oppose new tax on bread, motor vehicles in Finance Bill 2024

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ICPAK chairperson Philip Kakai (right) with Council members Georgina Malombe and Hesbon Omollo during the second day of the ICPAK's 41st Annual Seminar at Sarova Whitesands in Mombasa County on Wednesday 22nd May 2024. [Kelvin Karani, Standard]

Accountants have opposed the move by the government to impose new tax on bread, motor vehicles, banking and insurance services.

The Institute of Certified Public Accountants of Kenya (ICPAK) Wednesday said increased taxes on the products and services will only burden the already strained citizens.

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