Home National IMF backs Kenya’s cooking gas, loans, gambling tax raise

IMF backs Kenya’s cooking gas, loans, gambling tax raise

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Business Daily | by Constant Munda


The International Monetary Fund (IMF) has backed Kenya’s recent taxation of essential goods and services like cooking gas and bank loan fees, arguing additional cash raised have helped cushion against higher cost of fuel and fertiliser in the wake of the Ukraine war.

The Fund says in the latest review of Kenya’s economy that “important tax policy measures” have resulted in “strong” tax collections this financial year ending June…

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