The Online Kenyan Logo

The Online Kenyan

T
Originally published by The Standard Business
đź“° Read Full Article
June 10, 2026
5h ago

How Treasury's tax proposals are threatening to stall EV momentum

How Treasury's tax proposals are threatening to stall EV momentum

Tax incentives that drove EV numbers from 1,200 to over 35,000 at risk as zero-rated status shifts to exempt. ICPAK and tax analysts caution that removing incentives will trigger job losses...

✨ Key Highlights

Proposed changes in the Finance Bill, 2026, threaten to reverse gains in Kenya's electric vehicle (EV) adoption by altering tax incentives.

  • The Bill aims to shift e-mobility components and solar technologies from VAT zero-rated to VAT exempt, potentially increasing costs.
  • Key organizations involved include the Kenyan Treasury and Parliament.
  • This shift could significantly hinder the growth of the electric transport sector, an initiative supported by President William Ruto.

Continue Reading

Read the complete article from The Standard Business

đź“° Read Full Article
Advertisement

Related News

Why scrap metal dealers are happy with 1.5pc withholding tax proposal
6h ago

Why scrap metal dealers are happy with 1.5pc withholding tax proposal

Scrap metal dealers in Kenya are reportedly pleased with the proposed 1.5 percent withholding tax on their sales, set to be implemented from July if the Finance Bill 2026 is passed.

T
The Standard Business
đź“° Read Full Story
Winnie Odinga slams government over state of economy, tells Treasury to “work more, talk less”
Video

Winnie Odinga slams government over state of economy, tells Treasury to “work more, talk less”

C
Citizen TV (Youtube)
3w ago
Treasury mulls slashing Sh4.8tr budget, tax hikes still an option
2w ago

Treasury mulls slashing Sh4.8tr budget, tax hikes still an option

Kenya's Treasury is considering a significant budget reduction for the 2026-27 fiscal year, potentially slashing the proposed Sh4.8 trillion budget due to prevailing economic challenges.

T
The Standard Business
đź“° Read Full Story
Advertisement