Browsing: Value Added Tax (VAT)

finance bill
  • The finance bill aroused many wounds in many Kenyans, leading to protests in the capital city, Nairobi, over the burden of proposed taxes in the finance bill 2024
  • Azimio insists that the tax measures will substantially impact both individuals and businesses in the country.
  • The National Assembly Committee on Finance, chaired by Molo Mp Kimani Kuria, is expected to table a report on the Bill after carrying out a public participation exercise.

The protests over the Finance Bill

The finance bill aroused many wounds in many Kenyans, leading to protests in the capital city, Nairobi, over the burden of proposed taxes in the finance bill 2024. The protest, dubbed ” Occupy Parliament” demonstrations, aimed to pressure the lawmakers not to pass the bill.

The Finance Bill 2024 has been opposed over some contentious proposals, including a 16 per cent VAT tax on bread, a 2.5 per cent motor vehicle circulation