The Finance Bill 2024 introduced significant tax measures. The National Treasury plans to reinstate these measures. They were previously scrapped due to protests in June. This decision aligns with the International Monetary Fund‘s (IMF) conditions. The upcoming Tax Laws Amendments Bill will impose higher taxes. These taxes will apply to betting, phone calls, and data. […]
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 Initially, the State reintroduces popular proposals from the withdrawn Bill, but controversial provisions may follow.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, […]
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 […]
