The Treasury has removed the cap of Sh100,000 on the proposed motor vehicle tax as it races to raise an additional Sh346.7 billion from new tax measures in the coming fiscal year, even as it spared mobile money users higher excise on fees charged on transactions.
In his budget speech on Thursday, Treasury Cabinet Secretary Njuguna Ndung’u was silent on the upper limit of the tax, but maintained that the minimum amount chargeable will remain Sh5,000.
