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Importers and exporters have opposed the proposed 16 per cent VAT on aircraft spare parts in the 2026 Financial Bill.[File, Standard]
Importers and exporters have opposed the proposed 16 per cent VAT on aircraft spare parts in the 2026 Financial Bill, saying it would increase the cost of freight.
They also said the reintroduction of the Railway Development Levy (RDL) and Import Declaration Fee (IDF) would increase the cost of importing and exporting goods.
Under their amber umbrella, the Shippers Council of East Africa (SCEA), the traders said some provisions in the bill will increase the operational costs.
