Kenya Lawmakers Rebuff Treasury Plans to Scrap Some Tax Breaks

Kenyan lawmakers turned down Treasury’s proposals to scrap tax breaks on a range of goods and services, citing concerns over inflation and dwindling investor confidence.

The National Assembly vetoed the removal of tax exemptions on mobile phones, motorcycles, electric bicycles, solar and lithium-ion batteries, electric buses, and inputs for the manufacturing of animal feed, according to a live telecast of proceedings in the capital, Nairobi, on Thursday.

They also disallowed Treasury’s plan to repeal a preferential 15% corporate income-tax rate for local vehicle assemblers and companies that build affordable-housing units.

“Such a change could increase production costs — costs likely ...