BUDGET 2019: Rotich slaps additional ‘sin tax’ on alcohol, cigarettes
Treasury Cabinet Secretary Henry Rotich announced tough austerity measures and targeted luxury spending Thursday as he unveiled his plan to fund Kenya’s Ksh.3.1trillion shillings budget. Speaking Thursday afternoon in Parliament, CS Rotich announced increased ‘sin tax’ on wine and whiskey by Ksh.18 and Ksh.24 respectively. “A 750ml bottle of wine will have an excise duty of […]
Kenyans want cost of fuel, foodstuff cut
Peter Okong’o Stung by the high cost of living and rampant unemployment, Kenyans want the cost of fuel and household goods reduced in the Sh3.08 trillion budget that National Treasury Cabinet secretary Henry Rotich will present in Parliament this afternoon. Stakeholders in various sectors hope that the Treasury chief will put in place mechanisms that will […]
CS must widen tax bracket to fund Sh3.08tr budget
Jasmine Atieno Treasury Cabinet secretary Henry Rotich must widen the tax bracket to fund the Sh3.08 trillion budget for the financial year 2019/20, policy and research analysts have said. Speaking in Mombasa, the analysts said Rotich would also be forced to increase taxes, especially on luxury commodities despite the harsh economic times facing Kenyans. They, […]
Tough balancing act for CS Rotich as he unveils budget
It will be a tough balancing act for Treasury Cabinet secretary Henry Rotich tomorrow when he unveils funding proposals for the next financial year’s Sh3.08 trillion budget. Rotich will present his Budget Statement to Parliament amidst dwindling tax collections, revenue leakages, an economy soaking up more debt despite hitting headroom and inflationary pressure fears. He […]