16% VAT on bread proposed in Kenya's Finance Bill 2024 for diabetes concerns and revenue raising.

In Kenya, the National Assembly Finance Committee Chair Kuria Kimani explains that the proposed 16% VAT on bread is based on diabetes concerns, as recommended by the National Treasury. The tax change is part of the Finance Bill 2024, aiming to raise revenue for the 2024/25 budget. However, Kimani acknowledges public feedback and expresses concern over potential changes in consumer behavior due to the tax increase.