VAT reforms: Why manufacturers want tax cuts

Higher household disposable income and improved fiscal discipline are among the key areas that many Kenyans want the CS Mbadi to address in the budget for the next financial year...

✨ Key Highlights

Kenyan manufacturers are advocating for tax cuts, specifically on Value Added Tax (VAT), to stimulate economic activity and support job creation, particularly within Micro, Small, and Medium Enterprises (MSMEs).

The Institute of Economic Affairs (IEA) presented the Citizens Alternative Budget emphasizing reduced Pay-As-You-Earn (PAYE) tax rates.
Key proposals include increased household disposable income and improved fiscal discipline from the government.
These reforms are seen as crucial for stimulating economic activity and supporting job creation, especially in the MSME sector.

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