Kenya – Finance Bill 2024 Withdrawn
On June 26, 2024, Kenya’s President Ruto announced his refusal to assent to the Finance Bill 2024, leading to its withdrawal due to public pressure. The bill will now be sent back to the National Assembly with a recommendation for the deletion of all its clauses. This decision follows several days of violent protests in Kenya. We will continue to monitor developments and keep you updated as necessary.
Related Articles
Kenya: Finance Bill, 2023 proposed tax changes
The National Treasury tabled the Finance Bill, 2023 before the National Assembly on Thursday, 04 May 2023. Some of the notable changes include the introduction of a new 35% tax rate for income above KES 500,000 per month, a limited tax-free mileage ...
Kenya – The Finance Bill, 2024
The Finance Bill, 2024 was published and gazetted on the 9th of May 2024. Below is a summary of the key proposed amendments which will affect payroll, with a proposed effective date of 1 July 2024. · The exempt amount of subsistence, travelling, ...
Zimbabwe | Finance Bill 2024
The Zimbabwe Finance Bill, 2024, introduces the following key changes: Amendments to the Reserve Bank Act to recognize the new local currency, Zimbabwe Gold (ZWG), as legal tender, which was introduced on April 5, 2024, through the Presidential ...
Kenya: Finance Act 2023
Kenya’s High Court on Friday, 30th June, temporarily suspended the implementation of the Finance Act 2023. Lady Justice Mugure Thande noted in ruling that an application by Busia Senator Okia Omtatah met the threshold for conservatory orders. “I am ...
Zimbabwe: Finance Bill amended clauses, awaiting promulgation
Finance Bill (No. 9A) 2022 reflects the Finance Bill as finally passed by the National Assembly on Thursday 1st September, sent to the Senate on the same date and considered by the Senate on 6th and 7th September. The Senate passed the Bill but, at ...