- Treasury CS John Mbadi is rationalizing the need for tax adjustments in a refreshing manner
- Proposed Tax Laws Amendment Bill 2024 includes a clause for 16% VAT on aviation services
- VAT on aviation services could have negative effects on the industry, such as higher ticket prices and loss of maintenance services
- Kenya Airways’ MRO business could be impacted by the proposed VAT
- Air travel industry contributes significantly to Kenya’s GDP
- Developing the air travel market in Africa could benefit trade and connectivity
- Other African countries are offering incentives to their air operators to develop the market
Source: standardmedia.co.ke
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
