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Insurers urge the National Assembly to discard the proposed motor circulation tax outlined in the Finance Bill, 2024.

Insurers urge the National Assembly to discard the proposed motor circulation tax outlined in the Finance Bill, 2024.

Nairobi, 17th May 2024 - The Association of Kenya Insurers (AKI) is calling on the National Assembly to discard the proposed motor circulation tax in the Finance Bill, 2024

The Finance Bill, 2024 has introduced a motor circulation tax set at 2.5% of the vehicle value, capped at a maximum of Ksh100,000. This imposition will n...

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AKI Journal June 2021

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