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Showing posts with label Businesss. Show all posts

Tuesday, January 5, 2021

Power, DSTV, Internet prices set to go up

January 05, 2021 0
Companies have started slapping consumers with higher prices for goods and services as pre-Covid-19 tax rates resume.

This will see Kenyans pay more for internet connection services and TV subscription fees, such as DSTV, in what is likely to pile pressure on a consumer base adversely affected by the pandemic.

Value-added tax was reverted to 16 per cent following a nine-month hiatus during which the sales tax had been reduced to 14 per cent to cushion consumers against the negative effects of Covid-19.

Power consumers will also be hit hard as the higher rates become effective, increasing the burden on Kenyans who have already been grappling with the high cost of electricity.

The 16 per cent VAT on electricity is applied to consumption, fuel cost charges and forex adjustments.
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