Student calls for exclusion of motorcycles from motor vehicle tax
A first-year University of Nairobi student has called for the exclusion of motorcycles from the controversial motor vehicle circulation tax contained in the proposed Finance Bill 2024. The student, Edwin Kamau, urged the Finance and National Planning Committee to consider amending the bill to exclude motorcycles due to the cost implications that stand to be […]
PHOTOS: Kenyans give final submissions on controversial Finance Bill 2024 as hearings conclude
The Departmental Committee on Finance and National Planning conducted its final public hearing on the Finance Bill 2024 on Monday, June 10, 2024, with a range of stakeholders presenting their views on the proposed legislation. The hearing, held at the Kenyatta International Convention Center (KICC), drew submissions from a variety of individuals and organizations, including […]
Youth group urges parliament to increase taxes on alcohol
A Mombasa-based Youth group has urged the National Assembly to increase taxes on alcohol in the new Finance Bill. Appearing before the Parliamentary Committee on Finance and National Planning on Friday, June 7, 2024, the group identified as Youth Health Advocates urged the committee members to consider increasing taxes on alcohol. The group further expressed […]
‘Tax on bread is an insult to Kenyans’ – ODM’s Etale says day after poll revealed proposal’s unpopularity
Orange Democratic Movement (ODM) party director of communications Philip Etale has said putting a 16% VAT tax on bread is an insult to Kenyans. Etale through his official X account on Friday, June 7, 2024, said it would be prudent to impose a tax on bread. “Tax on bread is an insult to Kenyans. Yes,” […]
Finance Bill 2024: Creative industry rejects proposed taxes, levies
A coalition of organizations representing over 8,000 members of Kenya’s creative industry submitted a memorandum to the National Assembly on Thursday, June 6, 2024, voicing strong opposition to several provisions in the proposed Finance Bill 2024. The coalition argues that the bill, if enacted, would severely hamper the growth and opportunities within their sector, which […]
Only 54% of Kenyans are aware of Finance Bill 2024 – Infotrak
Only 54% of Kenyans are conversant with the Finance Bill 2024, a new opinion poll by Infotrak Research and Consulting Limited has shown. According to the poll released on Thursday, June 6, 2024, 46% of Kenyans are not aware of the Finance Bill 2024. “On awareness of the Finance Bill 2024, we had (54%) conversant […]
Ruto vows to push Kenyans to pay 22% of taxes from current 14%
President William Ruto has unveiled ambitious plans to elevate Kenya’s tax revenue to a whopping 22 per cent from the current 14 per cent. Addressing the Harvard Business School’s Class of 2025 at State House, Nairobi on Wednesday, May 15, Ruto stressed the importance of bolstering the nation’s financial health and reducing reliance on external […]