National Assembly committee rejects VAT on bread, motorbike excise duty
National Assembly Finance and Planning committee has rejected proposals to impose a 16 per cent value added tax (VAT) on bread.
In a report on the Finance Bill 2021, the committee has also rejected plans to review excise duty on motorcycles as well as proposals to levy excise duty on interest earnings.
The committee led by Homa Bay Woman representative Gladys Wanga has however recommended that excise duty on wagered amounts for betting be upped to 30 per cent.
“Ordinary bread is a staple for most families today. We propose this to remain zero-rated because even if you say you are moving it to exempt, the cost will be put on Mwananchi through the raising of the cost of bread,” said Gladys Wanga.
The report is critical in breathing life to the Finance Bill which gives National Treasury authority to levy and collect taxes.
For Citizen TV updates
Join @citizentvke Telegram channel
Video Of The Day: KEMRI scientists examine safety of anti-malarial drugs in first trimester of pregnancy