Home Business Bill exempts fuel from excise review, halves VAT to tame prices

Bill exempts fuel from excise review, halves VAT to tame prices

fuel prices, fuel subsidy, petroleum development levy
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Business Daily | by John Mutua


Fuel will be exempted from the annual review of inflation tax while two levies charged on diesel and petrol will fall by half if Parliament adopts proposed changes to the law aimed at lowering pump prices.

The National Assembly committee on Finance and National Planning says fuel should be exempted from the…

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