VAT, like all consumption taxes, is considered to be highly regressive i.e. the poor bear a greater tax burden as compared to the rich. But the design of the VAT in Kenya has made it less regressive, mainly through exempting and zero-rating of basic commodities, especially foodstuffs. This implies that the commodities that are considered basic and are consumed by the poor are exempted from the VAT or zero-rated. JOIN other kenyan make a prayer for our country and specifically pray against the passage of the VAT Bill 2013
Posted on: Wed, 03 Jul 2013 19:50:24 +0000
Trending Topics
Recently Viewed Topics
© 2015