The forthcoming Finance Bill 2024 has stirred controversy across the political divide, with leaders taking contrasting stances on its provisions.
The bill published on May 9th and slated for tabling in Parliament has sparked a heated debate among Azimio members, particularly concerning its proposed tax measures.
Pro-Kenya Kwanza leaders have already shown support for the bill which seeks to amend among others the Income Tax Act (Cap 470), the Value Added Tax Act (Cap 476), the Excise Duty Act (Cap 472), the Tax Procedures Act (Cap 469B) and the Miscellaneous Fees and Levies Act (Cap 469C).
The bill also proposes 16 per cent VAT on bread, which financial analysts say may see the price of the basic commodity rise by Sh10 per 400gm loaf among other amendments.
Politicians and Kenyans alike have reacted with a section of Azimio leaders siding with the Finance Bill.
Nairobi Women Rep Esther Passaris has promised to support the Bill just like the Finance Bill 2023.
“Those of you who keep calling me ‘Msaliti’ because I voted for the Finance Bill 2023, well, there is going to be another one coming and even though there are some issues I may disagree with, I’m gonna vote for the Finance Bill 2024,” Passaris said.
Kenyans continue to share their frustration with the Kenya Kwanza government for punitive taxes in the Finance Bill 2024 and are asking their leaders not to support it.
By Newsmedia