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 Initially, the State reintroduces popular proposals from the withdrawn Bill, but controversial provisions may follow.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 […]
John Mbadi, nominated for Treasury Cabinet Secretary, has highlighted two main priorities. They include revising the Finance Bill, 2024, and reforming the Kenya Revenue Authority (KRA). His vetting process was extensive, lasting over two hours and forty minutes—the longest for any nominee. During the vetting, Mbadi addressed several financial issues, including the Finance Bill, 2024’s […]
