President Uhuru Kenyatta on Friday morning passed into law the Finance Bill 2018 which will effectively set in law eight percent VAT on fuel products, among many other taxes.
The bill was on Thursday approved by Parliament after a chaotic parliamentary session marked by shouting down and claims of rigging.
“I have signed into law the Finance Bill 2018. I give my commitment that I will ensure proper utilisation of public resources for a better Kenya. I will not relent on the war against Corruption,”
The President had initially rejected to approve the bill after MPs sought to postpone VAT on fuel products for two years.
The head of state sent the bill back to the House with various proposals that introduced a variety of taxes ranging from 8 percent VAT to increased exercise duty on imported motor vehicles – among others.