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KRA fails in bid to retain tax on gas
The State will import 30 percent of cooking gas through the National Oil Corporation of Kenya in a move aimed at controlling the price of the commodity. PHOTO | CYRIL NDEGEYA | NMG
Kenya Revenue Authority (KRA) has lost a bid to retain the 16 percent tax on cooking gas in changes to the law aimed at making the commodity affordable.
The KRA had petitioned Parliament to retain the tax on grounds that its reduction to eight percent would see it lose out on Sh4.02 billion in revenue in the year to June.
