Friday, May 24, 2024 - The Matatu Owners Association has opposed the Finance Bill 2024, which seeks to introduce motor vehicle tax.
According to the bill which has the backing of President William Ruto,
everyone owning a vehicle will be required to pay 2.5 percent of the value of
the car as Motor Vehicle Tax.
Addressing the press in Nairobi,
MOA chairman Albert Karakacha criticised the tax asserting it would place an
undue burden on the industry.
Karakacha appealed to the
government and Members of Parliament to reconsider the decision, emphasizing
the vital role the matatu industry plays in supporting the economy.
"We want to plead with the
national government through the president to relook into this proposal. We are
being overtaxed yet we play a key role in supporting the hustlers," he
said.
He also noted the various
challenges facing the matatu industry, such as corruption, and suggested that
the government should convene a stakeholder forum to devise fair and
competitive tax policies.
The Kenyan DAILY POST
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