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Why proposed tax laws have great impact on cost of living, key services

Exempting the medicaments and the inputs used in their manufacture will push the price of medicines up. FILE PHOTO | NMG

Two months before Thursday’s reading of the budget statement in Parliament, Treasury secretary Henry Rotich submitted the Tax Laws (Amendment) Bill, 2018 — putting in motion a raft of reform measures with potential immense impact on the cost of living.

The Bill, which has since gone through the first reading and committee stage, is expected to be presented for debate soon.

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Note: The results are not exact but very close to the actual.

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