Kenya Abolishes VAT on Menstrual Products
What happened
Kenya abolished the Value-Added Tax (VAT) on all menstrual products. This makes Kenya the first country to implement this change. Other nations, including the UK, Canada, Mexico, and South Africa, have also removed the tax.
From jpost.com
Why it matters
The removal of VAT could reduce the tax collection base for the Kenya Revenue Authority. This fiscal action might also lead to a reduction in national revenue streams for the National Treasury.
From jpost.com
Who's involved
- KenyaThe country that abolished the VAT on menstrual products.
- Kenya Revenue AuthorityThe tax collection agency of Kenya.
- National TreasuryThe treasury of South Africa.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Kenya Revenue AuthoritySpeculative
The Kenya Revenue Authority might see a reduction in its tax collection base due to the VAT abolition.
- National TreasurySpeculative
The National Treasury might experience a reduction in national revenue streams because of the VAT abolition.
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The entities involved
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Kenya
country in Eastern Africa