N<\/span>airobi –<\/strong> Parliament on Wednesday afternoon voted to suspend by two more years the introduction of 16% tax on petroleum products that was to come into effect on Saturday September 1, 2018.<\/p>\n The move effectively shielded poor household from a spike in the cost of living.<\/p>\n The mover of the motion Minority Whip Junet Mohammed argued that the introduction of VAT on petroleum products would at the touch of a button trigger tremendous rise in the cost of commodities and transport.<\/p>\n “This House has been accused of not being sensitive to the need of the people. It is time we side with them and I plead that we postpone this tax to 2020,” Junet said on the floor of the House.<\/p>\n PETROLEUM PRODUCTS<\/strong><\/p>\n After the suspension of the bill, the National Assembly in its official Twitter account posted:<\/p>\n “The House has this afternoon approved an amendment to Clause 18 of the Finance Bill, 2018 sponsored by Minority Whip Junet Mohammed suspending the implementation of 16% VAT on fuel, which was to take effect on 1st Sept 2018 for a period of 2 years citing the high cost of living.”<\/p>\n VAT on petroleum products was introduced in the VAT Act 2013 but was deferred for a period of three years.<\/p>\n The deferral was further extended for a period of two years which is set to expire on September 1, 2018.<\/p>\n Nairobi – Parliament on Wednesday afternoon voted to suspend by two more years the introduction of 16% tax on petroleum products that was to come into effect on Saturday September 1, 2018. The move effectively shielded poor household from a spike in the cost of living. The mover of the motion Minority Whip Junet Mohammed…<\/p>\n","protected":false},"author":7,"featured_media":6850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[48,47,64],"tags":[],"_links":{"self":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/12043"}],"collection":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/comments?post=12043"}],"version-history":[{"count":1,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/12043\/revisions"}],"predecessor-version":[{"id":12044,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/12043\/revisions\/12044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media\/6850"}],"wp:attachment":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media?parent=12043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/categories?post=12043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/tags?post=12043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}