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The private sector has welcomed the scrapping of the 10 tax proposals by the government as had been contained in the Finance Bill 2024 for the financial year 2024-2025.
President William Ruto on Tuesday bowed to pressure from Kenyans and said some tax proposals have been scrapped, including a 16 per cent value-added tax on bread, on transportation of sugar, and on financial services and foreign exchange transactions.
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