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VAT exemptions on solar key to universal electrification by 2022

VAT exemptions on solar key to universal electrification by 2022
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

North Eastern , Rift Valley , Taita Taveta , Kenya Renewable Energy Association , Africa Minigrid Developers Association , World Bank , Finance Bill , Big Four Agenda , Finance Act , West Pokot , Tana River , Lighting Global , Kenya Off Grid Solar Project , Solar Tax Impact , வடக்கு கிழக்கு , பிளவு பள்ளத்தாக்கு , கேந்ய புதுப்பிக்கத்தக்க ஆற்றல் சங்கம் , உலகம் வங்கி , நிதி ர சி து , நிதி நாடகம் , டானா நதி , விளக்குகள் உலகளாவிய ,

Treasury to scrap VAT on renewable energy products

THE STANDARD
BUSINESS
Water boiler with solar panels on roof of house in village of Madeira in Portugal.[Getty Images]
The government is set to repeal taxes on renewable energy products that were to take effect in the next financial year in a move likely to reduce the cost of clean energy.
National Treasury Chief Administrative Secretary Nelson Gaichuhie told Senators on Thursday that the 14 per cent value-added tax (VAT) imposed on off-grid solar panels, direct current inverters and storage batteries in Finance Bill, 2020 would be repealed.
“The National Treasury has proposed in the Finance Bill, 2021 that items like direct current inverters and storage batteries used in solar energy be exempted, which will also be an incentive to the other clean energy like wind,” he said. ....

Nelson Gaichuhie , Kenya Renewable Energy Association Kerea , National Treasury , Chief Administrative Secretary Nelson Gaichuhie , Finance Bill , Kenya Renewable Energy Association , தேசிய கருவூலம் , நிதி ர சி து , கேந்ய புதுப்பிக்கத்தக்க ஆற்றல் சங்கம் ,

Realising smart fiscal policy to support electricity for all

Realising smart fiscal policy to support electricity for all
Tuesday April 20 2021
By PATRICK TONUI
Summary
The Government of Kenya has been under growing pressure to increase its tax revenues over the past few years.
The Covid-19 pandemic exacerbated what was already a challenge for the Treasury.
The Government of Kenya has been under growing pressure to increase its tax revenues over the past few years. The Covid-19 pandemic exacerbated what was already a challenge for the Treasury.
In 2020, the government adopted several fiscal measures aimed at increasing tax revenues, many of which were quite unprecedented such as the minimum tax and, in our case, the removal of existing value-added tax (VAT) exemptions on renewable energy technologies including solar, wind and clean cooking technologies. ....

Solar Solutions , National Housing , Kenya Renewable Energy Association , Sustainable Development Goals , Millennium Development Goals , Kenya National Electrification Strategy , Population Census , Stand Alone Solar Solutions , சூரிய தீர்வுகள் , தேசிய வீட்டுவசதி , கேந்ய புதுப்பிக்கத்தக்க ஆற்றல் சங்கம் , நிலையான வளர்ச்சி இலக்குகள் , மில்லினியம் வளர்ச்சி இலக்குகள் , கேந்ய தேசிய மின்மயமாக்கல் மூலோபாயம் , பாப்யுலேஶந் மக்கள் தொகை கணக்கெடுப்பு ,

Rural communities hit hardest by 14pc VAT on solar, clean cooking products

Rural communities hit hardest by 14pc VAT on solar, clean cooking products
Monday December 21 2020
Kenya is a pace-setter in off-grid solar solutions.
In 2019, it was estimated that there were some five million pico solar products and 700,000 solar home systems in use by Kenyan households.
Kenya has been lauded internationally for progress made towards the 2022 universal energy access target with a reported 75 percent energy access rate today.
Underlying these numbers is a fact well-known by industry practitioners: the national grid only reaches about 50 percent of Kenyan households. Twenty-five percent of households are served by solar energy.
A 34-year-old mother of five who runs a grocery business in a village in western Kenya recently acquired a solar home system to boost her day to day activities both in the house and for her trade. ....

Rift Valley , France General , Uhuru Kenyatta , United Nations Framework Convention On Climate , National Assembly , Kenya Renewable Energy Association , Duke University , Lorugumu Sub County Hospital , United Nations Framework Convention , Climate Change , Kyoto Protocol , Paris Agreement , Finance Act , President Uhuru Kenyatta , Renewable Energy Association , Finance Bill , பிளவு பள்ளத்தாக்கு , பிரான்ஸ் ஜநரல் , உஹுரு கெநியாட , ஒன்றுபட்டது நாடுகள் கட்டமைப்பு மாநாடு ஆன் காலநிலை , தேசிய சட்டசபை , கேந்ய புதுப்பிக்கத்தக்க ஆற்றல் சங்கம் , டியூக் பல்கலைக்கழகம் , ஒன்றுபட்டது நாடுகள் கட்டமைப்பு மாநாடு , காலநிலை மாற்றம் , கியோட்டோ ப்ரோடொகால் ,