Just before the Members of Parliament went on an indefinite recess, ratified a number of changes to the Finance Act in Kenya and are set to have an impact on Kenyans both in a positive and negative way.
The Gladys Wanga-led Finance and National Planning Committee,
Homa Bay Woman Rep Gladys Wanga, who chairs the National Assembly Finance Committee has rejected the proposals to increase taxes contained in the Finance Bill, 2022.
National Treasury Cabinet Secretary Ukur Yatani is proposing tax hikes on basic commodities as a measure to help the government
The vast majority of Kenyans are likely to end up buying illicit goods if proposed new consumer taxes become law.
Almost two in every three respondents believe that the excise hikes are Government’s attempt to compensate for the Ksh.h153 billion annual fiscal hole created by illicit