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Rich Kenyans get helicopter tax cuts in President Ruto budget plan
Helicopters used by leaders to attend a political rally by the Azimio coalition at Nyamaiya Stadium, West Mugirango in Nyamira on July 1, 2022. PHOTO | ONDARI OGEGA | NMG
Wealthy Kenyans and politicians will import helicopters and planes at cheaper prices after President William Ruto’s administration proposed to scrap three taxes on aircraft and parts at a time the Treasury plans to hit the middle class with higher fuel and salary taxes to fund the Sh3.59 trillion budget.
In the Finance Bill, 2023, the government proposes to exempt importers of aircraft, especially choppers, from paying the 16 percent Valued Added Tax (VAT) while scrapping the 3.5 percent import declaration fee (IDF) and the two percent Railway Development Levy (RDL).
