The Kenyan government has scrapped the 2024 Finance Bill, which included $2.3 billion in tax hikes, following widespread protests across the country. The demonstrations, led by young people known as Generation Z, resulted in property damage and dozens of deaths. President William Ruto initia...
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 is planning value-added tax (VAT) of 16% on electric buses, electric bikes and lithium-ion batteries, including solar-powered batteries. The proposal is set out in the Finance Bill 2024, which will enter into force on 1 July 2024 if approved. ...
But his proposal to raise taxes on a wide swathe of economic activities as part of the finance bill his government will put forward in parliament next month has faced pushback from civil servants and political opponents. Kenya qualified for financing under the DPO instrument in 2019 and has sin...
Kenya assented into law the Tax Procedures (Amendment) Bill, 2024 on 11 December 2024 and the bill became effective on 27 December 2024. The resulting Tax Procedures (Amendment) Act, 2024 (the Act) extended the tax amnesty that was introduced by the Finance Act, 2023 for a period of s...
Audience of X/Twitter Space on Kenya's Finance bill 2024 Number of social media users in Kenya 2024, by platform Monthly number of Messenger users in Kenya 2022-2024 Types of social media accounts followed in Kenya 2023 Instagram potential advertising reach in Kenya 2024 ...
According to a recent report by Kenya’s central bank, Nairobi’s domestic and foreign public debt totals more than $80 billion, with debt servicing accounting for approximately 60% of the country’s revenues. President Ruto, who had promoted the Finance Bill as a necessary reform to secure ...
Harrison M, owner and editor Harry started this website as a finance blog back in 2015, when mobile money and sports betting were the rage in his part of the world. But over the years the content policy has been evolving, just as both the authors and the times have been changing. He...
Industrial Production Index Growth (%) 2.8 2023 yearly 2002 - 2023 Minerals Production (Metric Ton) 399,022.000 2022 yearly 2009 - 2022 Motor Vehicle Production (Unit) 3,080.000 2013 yearly 1999 - 2013 Government and Public Finance Last Frequency Range Forecast: Government Expenditure (KES ...
Kenyan President William Ruto said Wednesday that he will not sign a controversial finance bill, backing down in the face of mass protests that swept the country and reportedly left at least 23 people dead. “Having reflected on the continuing conversation regarding the content of the finance bi...