Politicians and wealthy Kenyans seeking to hire helicopters or buy planes will have to spend more cash following a proposal by the National Treasury to reverse the tax exemption on the aircraft.
In a new tax measure announced by the Treasury Cabinet Secretary Ukur Yatani, persons seeking to hire or buy airplanes of an unladen weight not exceeding or exceeding 2,000 kilogrammes will now pay 14 percent in value added tax (VAT). The move is aimed at collecting an additional Sh38.9 billion from wealthy individuals and industries.
