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The Standard e-Paper
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The introduction of the motor vehicle tax in the Finance Bill 2024 through amendment of the Income Tax Act has been criticised by stakeholders who argue the levy is not only misplaced but also it's proposed is not scientific based.
The stakeholders among them Association of Kenya Insurers(AKI) opine that setting a minimum of sh5,000 and a maximum of sh100,00 for the tax favours individuals with more expensive cars compared to the majority who own relatively affordable vehicles.
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