Agriculture Ministry seeks VAT removal on crop processing machines

한국어

The Ministry of Agriculture and Livestock Development is in talks with the Finance Ministry to remove VAT on crop processing machinery.

Minister Peter Kagwe said the proposal would improve investment in the agricultural sector and boost the competitiveness of Kenyan products.

He made the remarks during the launch of Sonalika tractors by Elgon Kenya at the KICC Hall in Nairobi.

Tractors are already tax-exempt and Sonalika models start at around Sh1.4 million. The company partners with banks to offer loans of up to 90 percent.

관련 기사

President Javier Milei at the Rural Exposition in Palermo announcing gradual elimination of export taxes.
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Milei reaffirms gradual removal of export taxes at Rural Expo

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President Javier Milei opened the 138th Rural Exposition in Palermo on July 26 and reaffirmed the gradual elimination of export taxes. He highlighted progress in deregulation and market openings for the agricultural sector.

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