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Rotich’s new consumer levies catch taxpayers by surprise
Imported cars at the Mombasa port. The new valuation formula caught importers of high-end vehicles aged less than three years by surprise as they were immediately required to pay significantly higher duty beginning last Friday morning. PHOTO | FILE
Some of the new tax measures that Treasury Secretary Henry Rotich proposed in his Budget Statement last Wednesday came into force hours after they were submitted to Parliament, causing consumers instant pain.
Through the Finance Bill 2016, which was not immediately made available to the public, Mr Rotich instituted far-reaching tax measures that immediately raised the cost of cosmetics, high-end imported motor vehicles, kerosene as well as plastic bags and sacks.
