Kenyans relying on Public Service Vehicles (PSVs) could soon be hit with a steep increase in price for daily commute if the proposed amendment of the Income Tax Act introducing Motor Vehicle Tax is adopted as envisioned in Finance Bill 2024, operators warned.
PSV operators have told legislators that they risk seeing their expenditure on taxes and levies on the first year of acquiring a new vehicle shoot to as high as 74 percent of the purchase cost should the proposed Motor Vehicle Tax sail through in its present form.
