Business Daily | by Edwin Mutai
Manufacturers who supply goods to government projects will not claim VAT paid on materials used to make the supplies after the Treasury withdrew an earlier proposal that would have boosted their liquidity.
The Treasury has withdrawn amendments to the Value Added Tax (VAT) Act, 2013 that proposed that registered manufacturers be allowed to claim input tax in respect of taxable supplies made to an official aid funded project subject to the approval by the Cabinet Secretary…
