Treasury to collect Sh71bn in IMF’s new petrol taxes

Dr Kamau Thugge, Treasury PS. FILE PHOTO | NMG

Motorists and kerosene users are headed for more pain at the pump later this year as the Treasury moves to impose a new tax that will add up to Sh17 on every litre of fuel.

Treasury principal secretary Kamau Thugge yesterday said petroleum products will start attracting 16 per cent value added tax beginning September in line with a deal Kenya made with the International Monetary Fund (IMF) two years ago.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.