- VAT is not a business cost, unless a business is unable to pass on the VAT to the end consumer... Input VAT incurred in purchase of fuel will be offset against output VAT.
On his official twitter account Bundotich Zedekiah Kiprotich alias Buzeki on June 21, 2023 highlighted that due to the rise in vat on fuel from 8% to 16% , they are officially downsizing with immediate effect.
He claims that the current administration seem to lack a plan for job creation and is solely focused on collecting revenue for expenditure.
“Due to the rise in VAT on fuel from 8% to 16%, we are now officially DOWNSIZING with immediate effect. The current administration seems to lack a plan for job creation and is SOLELY focused on collecting revenue for EXPENDITURE. All OLD trucks, including those with Euro 3 and below, will be sent to the scrap yard. Leteni LORI ya THITIMA !”
These comments were later followed by criticisms from his followers and Kenyans claiming it is a lie and that the main reason for the downsizing is due to the fact that he has a huge debt that needs to be cleared, reason for it.
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@KKiproo
Sellout, you sold out Molo milk for Tender in SGR project .....wewe ndo ulileta hii madeni tuko nayo.
@keck02642
Whose transport business has been on receivership? People should not incite well performing business enterprises.
@kimanisteve17
VAT is not a business cost, unless a business is unable to pass on the VAT to the end consumer... Input VAT incurred in purchase of fuel will be offset against output VAT.
@testempla
Boss you already downsized well before this. Stop looking for scapegoats. Tai 👉🏿
@Muigai_1
People of Uasin Gishu did not vote you because you started downsizing 4 years..
You sold molo milk to Kenyattas
Buzeki enterprises limited in Mombasa was auctioned.
No more trucks
You wanted to loot county funds to pay your debts..
