People Daily | by People Team
Yesterday, Parliament approved the removal of Covid-19 tax relief measures meant to cushion companies and individuals from pandemic shocks.
The measures had been introduced to cushion Kenyans as the pandemic led to widespread job cuts and general underperformance of the economy as global commerce froze.
Yesterday, MPs unanimously passed the Tax Laws Bill and restored the VAT to 16 from 14 per cent, while Income Tax returned to 30 per cent from 25 per cent. The changes take effect starting January 1, 2021.
