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PROPOSED VAT BILL on basic commodities
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

Sent from my Black Nokia 3310
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