Tuesday, June 18, 2024 – President William Ruto has been forced to listen to the cries of Kenyans.
This is after he dropped punitive taxes proposed in the contentious Finance Bill 2024 after the Kenya Kwanza Parliamentary Group meeting held at State House.
Speaking after the PG meeting,
Finance Committee Chair Kimani Kuria announced that the government had
responded to public feedback by reducing proposed taxes in the Finance Bill
2024.
Kuria clarified that the proposed Eco Levy would only apply to imported finished products, exempting those manufactured within Kenya.
He further specified that diapers and sanitary
towels produced domestically would not be subject to this levy.
In a move to ease the burden of
the rising cost of living, the committee also confirmed the removal of the
proposed increase in tax on mobile transactions from the bill.
Further, the proposed VAT on
financial services and foreign exchange transactions has also been removed.
Moreover, the Kenya Kwanza
Parliamentary Group decided that the government would abandon contentious taxes
aimed at increasing VAT on bread by 16 per cent.
The PG also removed the
controversial motor vehicle circulation tax.
Additionally, the government
plans to reduce proposed taxes on cooking oil to ensure affordability for
Kenyans.
While announcing the new
proposed Finance Bill 2024 amendments, the Kenya Kwanza Government was keen to
elaborate that the proposals had been implemented to boost the growth of the
Kenyan manufacturing sector.
The Kenyan DAILY POST
.jpg)
1 Comments
The problem that comes with a proboscis monkey ass hole full of pooh!
ReplyDeleteThese assholes should only have a 1 trillion budget!
Their pussies whore should not benefit from our taxes but depend on their job and husband salaries. First lady shits! Who elected them?
The citizens of Kenya should start lynching these mpigs all those who will vote yes for these proboscis monkey 2024/25 Financial bill.
Ushenzi za uda mpigs with kuma operating system.