Schools, book publishers hit parents with higher fees
After the joy and celebration of Christmas, it is back to reality for millions of parents, who have to find money to pay fees and buy books for their children when the schools open next week. For many of the parents, 2013 has been a difficult year, characterised by a general rise in the cost of consumer goods following the government’s decision to charge value added tax (VAT) on items that have been traditionally exempt. School heads say the tax charge and the resulting general rise in the cost of goods has significantly increased the cost of running the institutions, necessitating an increase in the fees charged.
The new book prices that will remain in place for a year are over and above the 16 per cent VAT introduced in September – pushing the total price increment to 30 per cent in three months. “The publishers got the government circular on the new book prices last week and the list of State-approved books is being prepared for printing,” said Musyoki Muli, the managing director of Longhorn Publishers, adding that the new prices have taken into account taxes that came into effect in September.
“The circular means the publishers are free to add the 14 per cent at their own discretion, but I am sure at least 70 per cent of them will do so,” said Mr Muli.... Read the full, comprehensive news article and discuss at Business Daily AfricaSimilar Stories