Finance Bill 2024 Archives

Finance Bill 2024 Back in Focus

Tina
August 19, 2024
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The government revisits parts of the shelved Finance Bill, 2024, raising concerns about its commitment to tax reliefs. Initially, the State reintroduces popular proposals from the withdrawn Bill, but controversial provisions may follow. Shortly after President Ruto rejected the Finance Bill, Majority Leader Kimani Ichung’wah introduced new legislation. The Kenya Revenue Authority (Amendment) Bill, 2024, […]

Economy

Government to Revive Key Provisions of Finance Bill 2024

Tina
August 13, 2024
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The government plans to revive key parts of the rejected Finance Bill 2024. The focus will be on extending the tax amnesty and reducing tax expenditures. Treasury Cabinet Secretary John Mbadi confirmed the bill will not be reintroduced in full. Public protests led to its initial rejection. Mbadi emphasized reinstating specific provisions through alternative legislative […]