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Supplementary Appropriations (No.2) Act, 2024 (i.e, Supplementary Budget I 2024/25) is finally available. What are we seeing in the bill that President William Ruto signed into la...
Court of Appeal Judges Kathurima M'Inoti, Agnes Kalekye Murgo & John Mativo have ruled that Finance Act 2023 fundamentally flawed and therefore void & consequently unconstitutional...
Folks, The National Assembly Budget & Appropriations Committee has tabled its report on Supplementary Budget I 2024/25. ยท There's some heavy unfunded requests on the Education...
Finance Bill 2024 is out: ยท There's a clear effort in the bill to lean more towards Appropriations in Aid than we have seen in preceding Finance Bills ยท Medium-term Revenue Strate...
Folks, President William Ruto signed into law the Affordable Housing Bill 2023 this morning. Effectively, we now have the Affordable Housing Act, 2024 in place. I finally got my...
Presumptive Tax One of the key proposals in the just published Draft Revenue Medium Term Revenue Strategy 2024/25 - 2026/27 is the reintroduction of presumptive tax. This is a p...
Finance Act 2023 has done 2 major things regarding turnover tax. 1st, revise the rate from 1.0% to the pre-COVID19 rate of 3.0%. 2nd, eligibility has been revised from an annual...
184 MPs have endorsed the adoption of Clause 28 in Finance Bill 2023, effectively revising the rate of Value Added Tax (VAT) on petroleum products from 8.0% to 16.0%. As expected,...
Further reading of Finance Bill 2023 A ๐งต 1. I am persuaded that this proposed amendment to the VAT Act is a mistake/oversight by Treasury. Effectively, deletion of paragraph aa,...
Finance Bill 2023 is out! Here are 10 things I think you need to know. A ๐งต 1. If you earn Kes 500k+/month, Treasury is proposing that your PAYE be graduated to 35.0%. This is...