Kenya's National Assembly has published the Petroleum Products (Taxes and Levies) (Amendment) Bill 2021, which was tabled by the Finance and National Planning Committee and is currently available for comment. The bill provides amendments that are primarily meant to lower the price of petroleum products.
One of the main amendments is to the VAT Act, providing for a reduction in the VAT rate on petroleum products from 8% to 4% and specifying an 8% VAT rate for liquified petroleum gas, includi…