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...
When the National Treasury handed over its budget proposals for the financial year 2022/23 to parliament’s Finance and National Planning Committee for approval, many of its members considered the document a poisoned chalice.
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...
Strong governments in Kenya and Uganda are grappling with a new problem: angry, organized young people demanding change. A Kenyan activist scuffles with plain clothes police officers during a protest against the finance bill in Nairobi, Kenya 6 June 2023. (AP... ...
Daniel Ngumy, Kenneth Njuguna and James Karanja of ALN Kenya | Anjarwalla & Khanna look at tax measures in the recent Kenya Finance Bill that will impact multinationals and other businesses operating across various sectors.
Introduced to the Kenyan parliament on May 4, The Finance Bill 2023 would enact a digital asset tax on “income derived from the transfer or exchange of digital assets,” and also includes specific language for NFTs. The bill will undergo five rounds of readings, committees and reports by the...
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
By Africanews Last updated: 13/08 - 11:04 Kenya Kenyan President William Ruto has said that the country will resort to more borrowing to plug a growing budget deficit after the rejection of the finance bill that would have increased tax revenue. Following deadly protests last week, Ruto ...