@Standard

Finally, it is pay time and this is how it will hurt you - 10 months ago, 14 June 00:11

Moses Michira

Life just got tougher for millions of poor households following sweeping changes in new taxation measures to be unveiled by National Treasury Cabinet Secretary Henry Rotich this afternoon.

He will impose Value Added Tax on essential commodities such as milk and bread that have been previously exempt, raising their prices by about a fifth in his plans to raise nearly Sh1.8 trillion.

Nearly half of that amount will go into paying debts to lenders including China – which has funded tens of mega projects including the Standard Gauge Railway line.

Such measures come to effect in just two weeks at midnight of June 30, hitting where it hurts the most, right in your pockets. For households that are already struggling, the impact of the imminent price hikes is untold.

A packet of milk currently retailing Sh50, for instance, would rise by Sh10. A two-kilo packet of maize flour will edge towards ...
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