June 09, 2026 08:40 (EAT) • 3 days ago
Finance Bill 2026: Scrap dealers back VAT exemption, withholding tax changes
The changes target transactions within the sector by introducing a 1.5 per cent withholding tax at the point of sale. Under the proposal, a buyer purchasing scrap metal worth Ksh.100,000 would deduct Ksh.1,500 and remit it directly to the government, leaving the dealer with Ksh.98,500.