Finance Bill: Treasury proposes to end tax breaks on affordable housing scheme

Upcoming Makasembo Estate in Kisumu that is under the Affordable Housing Project on March 20, 2025.

Photo credit: Alex Odhiambo | Nation Media Group

President William Ruto’s pet housing programme faces headwinds after the Treasury published proposals to end tax breaks on construction materials used in the scheme.

In the proposals contained in the Finance Bill 2025, the Treasury seeks to strike off the building materials from items exempted from value-added tax (VAT), meaning the charge will be imposed if Parliament ratifies the Bill.

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