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No easy ride as Bill seeks to end helicopter tax waivers
The value of imported aircraft and associated equipment rose to Sh24.8 billion in 2023 from Sh15.1 billion in 2022, according to the 2024 economic survey report by KNBS.
Wealthy Kenyans and politicians have been hit as President William Ruto’s administration moves to eliminate tax waivers which allowed cheaper imports of aircraft, including helicopters.
The move to end blanket exemption from import declaration fee (IDF) and the railway development levy (RDL) for all aircraft and their respective parts is expected to end the privilege enjoyed by high-net-worth individuals who form the bulk of aircraft buyers excluding commercial air operators.