A proposal by Kenya to increase tax on trucks and trailers under the country’s Finance Bill 2023 has rattled transporters within the East African Community, even as partner states prepared to gathered on Friday to discuss the budgets.
The bill proposes to amend the advance tax payable on passenger and commercial vehicles, excluding tractors/ trailers used for agricultural purposes. It proposes to increase the advance tax to Ksh3,000 ($21.91) per tonne of load capacity per year or Ksh5,000 ($36.52) per year for trucks, starting January 2024.
