The bill aimed to address Kenya's $80 billion debt, with the government opting for tax increases rather than spending cuts. Moody's subsequently downgraded Kenya's debt rating, citing the government's decision to abandon the tax hikes. Ruto has announced new borrowing plans and spending...
Kenya: Concerns grow over bill seeking to scrap live streaming of election results Under proposed changes to Kenya’s elections law, the Independent Electoral and Boundaries Commission would no longer be required to transmit the resul... outspoken critic Nigeria: Who is Ali Ndume, the ruli...
Protesters in the capital city of Nairobi broke into the parliament building and set part of it on fire Tuesday just after lawmakers voted to pass the controversial finance bill. The Kenya National Commission on Human Rights said at least 22 people were killed in the clashes, and...
NAIROBI —KenyanPresident William Rutosaid Wednesday he won’t sign into law a finance bill proposing new taxes, a day after protesters stormed parliament and several people were shot dead. It was the biggest assault on Kenya’s government in decades. The governm...
Finance Bill, 2023 proposed requiring taxpayers to deposit with the Commissioner 20% of the disputed tax (or equivalent security) before filing an appeal in the High Court. This proposal was not included in the Act. Tax Procedures Act Tax refund decision removed from the definition of “tax de...
Kenya’s controversial tax hike bill which sparked street protests, resulting in the shooting of a frontline AFP photojournalist in Nairobi and protesters storming the parliament, has been adopted by parliament amid accusation that some MPs were bribed t
This looks like a revival of the voluntary tax disclosure programme which is ending in December 2023. Additionally, taxpayers that had declared and paid their principal tax liabilities for up to December 31, 2022, can rest easy as the Kenya Revenue Authority (KRA) will be required to r...
Kenya’s tax environment has been going through changes with the Kenya Revenue Authority trying to increase revenue collection to the tune of KSh6.1 trillion by June 2021. The Finance Bill 2019, published on June 13thproposes changes in taxation with the introduction of a 10% excise duty on th...
Among the laws that Kenya expects to change are the Capital Markets Act, whose amendments have been placed on the Finance Bill, expected to be passed in Parliament before June this year. The government also plans to make changes to its public finance bill to accommodate the sharia banking....
Importers and local manufacturers of products containing nicotine or nicotine substitutes for Kenyans will be affected. ALSO READ:Kenya’s Finance Bill 2021 Proposes Removal of Parliament’s Oversight on VAT Approval