In pictures: - Finance Committee engages stakeholders on VAT (Amendment) bill

In pictures: - Finance Committee engages stakeholders on VAT (Amendment) bill

The Departmental Committee on Finance and National Planning Thursday engaged various stakeholders on the Value Added Tax (Amendment) Bill, 2025.

The Bill published on March 13, 2025, seeks to amend the Value Added Tax Act, Cap. 476, to clarify the commencement date of exemptions granted before January 1, 2024, on capital goods for investment in manufacturing valued at not less than Kshs. 2 billion.

The Committee is this weekend set to consider views collated and table its report for consideration by the House next week.

If enacted, the Bill will eliminate ambiguities in tax exemptions, creating a more predictable tax regime for investors in the manufacturing sector.