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PROPOSED VAT BILL on basic commodities
josimar
#1 Posted : Wednesday, June 12, 2013 4:54:29 PM
Rank: Member


Joined: 7/6/2010
Posts: 242
The VAT Bill will pose the greatest challenge to the new government which is short on revenue to deliver its manifesto .Cabinet Secretary Treasury recently said they have no option but to implement this bill. If passed we should expect 16 per cent tax on sanitary towels, newspapers, journals and periodicals, rice, wheat flour, bread, wheat, computers and computer software and processed milk. Tutaishi namna gani ?
Lolest!
#2 Posted : Thursday, June 13, 2013 7:19:44 AM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Is Jubilee govt turning back on their promises? It was clear, through the campaigns period, that they wanted to bring cost of living down instead of increasing wages(remember presidential debate?) Taxing basic commodities is fodder for political unrest and riots. Charge more for luxury imports and alcohol or even airtime instead
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deadpoet
#3 Posted : Thursday, June 13, 2013 7:26:14 AM
Rank: Member


Joined: 9/27/2006
Posts: 503
I thought the tax on mobile money transactions was supposed to cover a chunk of the budget shortfall?
mlennyma
#4 Posted : Thursday, June 13, 2013 8:29:54 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Ati mobile money tax?its only safcom moving money,others are dead,can safcom alone run kenya?
"Don't let the fear of losing be greater than the excitement of winning."
josimar
#5 Posted : Thursday, June 13, 2013 9:37:58 AM
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Joined: 7/6/2010
Posts: 242
The enormous pledges made by Jubilee coalition will haunt them ,already they are facing threats of strikes from teachers , civil servants etc .
McReggae
#6 Posted : Thursday, June 13, 2013 10:10:04 AM
Rank: Elder


Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
I still remember those full page adverts on railways, military, lap tops, stadia and the rest!!!!

You can't promise so much before you look at the required additional revenue streams......coupled with the expanded Govt structure, this will be difficult!!!

......suspend the laptop programme for starter, the campign period is over, there is now way you tax the poorest of the poor in the pretext of buying laptops for toddlers!!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
maka
#7 Posted : Thursday, June 13, 2013 10:48:59 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Life is going to get tough....really tough.
possunt quia posse videntur
alma
#8 Posted : Thursday, June 13, 2013 11:00:53 AM
Rank: Elder


Joined: 7/20/2007
Posts: 4,432
I really doubt if anyone would implement such a tax. It wouldn't be a funny thing.
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
Jamani
#9 Posted : Thursday, June 13, 2013 11:09:45 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
After agreeing to award the mps 1.1m the bill will see the light of day and as usual Kenyans will pay and move on. Otherwise how will the gov,t pay for free laptops? There is nothing for free....
ZZE123
#10 Posted : Thursday, June 13, 2013 3:13:38 PM
Rank: Elder


Joined: 6/21/2008
Posts: 2,490
McReggae wrote:
I still remember those full page adverts on railways, military, lap tops, stadia and the rest!!!!

You can't promise so much before you look at the required additional revenue streams......coupled with the expanded Govt structure, this will be difficult!!!

......suspend the laptop programme for starter, the campign period is over, there is now way you tax the poorest of the poor in the pretext of buying laptops for toddlers!!!!

Some/most of the promises made by the politicians during the campaign period were unrealistic. But the Laptop promise will have to be fulfilled because that is what was given most prominence by the media and Kenyans. unfortunately this will be at the expense railways, military, roads, and healthcare which in my opinion are more important.
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
Ash Ock
#11 Posted : Thursday, June 13, 2013 4:16:17 PM
Rank: Member


Joined: 8/27/2010
Posts: 495
Location: Nairobi
alma wrote:
I really doubt if anyone would implement such a tax. It wouldn't be a funny thing.


The government was arm-twisted by the IMF on this. When Kenya needed $420m from the IMF, one of the conditions was the introduction of this bill. Kenya signed and agreed to have it implemented.

The GOK is stuck between a rock and a hard place.

http://www.standardmedia...g-more-for-flour,-bread

http://www.businessdaily.../-/qsxwsdz/-/index.html

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