×

Hustler nation bid to raise more cash by inflating taxes fails poor Kenyans

Among the new proposed taxes in the Finance Bill is the highly debated motor vehicle tax, at the rate of 2.5 per cent of the value of the motor vehicle. Payable at the time of issuance of insurance cover for motor vehicles, this tax is between Sh5,000 and Sh100,000. The value of the motor vehicle, stipulates the Bill, is to be determined on the basis of make, model, engine capacity in cubic centimeters, and...