KRA forgoes Sh9.1bn in taxes to cushion consumers from fuel price surge
KRA Commissioner for Customs and Border Control Dr. Lilian Nyawanda further revealed that taxes amounting to Sh5.1 billion paid by various Oil Marketing Companies through the principal importer of the MT PALOMA cargo will be transferred to customs declarations associated with sub..
✨ Key Highlights
The Kenya Revenue Authority (KRA) has waived Sh9.1 billion in taxes over two months to shield consumers from escalating fuel prices. This measure follows the government's decision to slash Value Added Tax (VAT) on petroleum products.
- Forgone tax revenue: Sh9.1 billion
- Involved organization: Kenya Revenue Authority (KRA)
- Key contributing factor: Reduction of VAT on petroleum products from 16 percent to 8 percent
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KRA Forgoes Sh9.1bn in Taxes to Cushion Consumers from Fuel Price Surge - June 2026
The Kenya Revenue Authority waived Sh9.1 billion in taxes over two months to shield consumers from escalating fuel prices, following the government's decision to slash Value Added Tax on petroleum products. The Kenyan government also plans to use Affordable Housing Levy collections as collateral for a Sh100 billion loan, potentially making the deduction a long-term feature on workers' payslips. Separately, Kenya's Ministry of Health is proposing new rules to completely ban shisha smoking and all waterpipe tobacco products, including herbal and flavored variants, citing evolving public health risks.
