List of Taxes, Levies CS Mbadi Could Spare from Rate Hikes in Finance Bill 2025

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List of Taxes, Levies CS Mbadi Could Spare from Rate Hikes in Finance Bill 2025

//business-finance.news-articles.net/content/202 .. -spare-from-rate-hikes-in-finance-bill-2025.html

Published in Business and Finance on Wednesday, February 5th 2025 at 7:00 GMT by Tuko
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Federation of Kenya Employers (FKE) warned the government against raising more taxes that could overburden businesses and increase payroll deductions.

196x110/6770 Bytes

The article from Tuko.co.ke discusses the Finance Bill 2025, which proposes several new taxes and levies in Kenya. ODM Chairman John Mbadi has criticized the bill, highlighting that it includes a 16% VAT on fuel, a 2.5% motor vehicle circulation tax, and a 15% tax on digital content creators. Additionally, there are plans to increase the Road Maintenance Levy from KSh 18 to KSh 25 per liter of fuel, and introduce an Import Declaration Fee (IDF) of 3% and a Railway Development Levy (RDL) of 2%. Mbadi argues that these measures will disproportionately burden ordinary Kenyans, potentially stifling economic growth and increasing the cost of living. He calls for a more balanced approach to taxation that considers the economic pressures on citizens.

Read the Full Tuko Article at:
[ https://www.tuko.co.ke/business-economy/577874-list-taxes-levies-mbadi-spare-rate-hikes-finance-bill-2025/ ]