Finance Bill, 2024

Finance Bill 2024: Sparks Fly as Kenyan Leaders and Creatives Clash Over Tax Amendments

Find out why the Finance Bill 2024 is causing a stir in Kenya!

The Finance Bill 2024 has ignited a heated debate in Kenya, with stakeholders, diaspora leaders, and Catholic bishops urging the government to reconsider the proposed amendments. Gideon Moi, the KANU National Chairman, has joined the discussion, calling on MPs to consider public views in amending the bill. Meanwhile, lawmaker Gathoni Wamuchomba is leading the fight against what she sees as 'punitive' measures in the bill despite being from the ruling UDA party.

As the tensions rise, a group of Kenyan creatives has also stepped in, proposing amendments to the Finance Bill 2024. However, concerns loom over the bill's potential impact on Kenyan firms' growth prospects, with a significant number of CEOs predicting subdued business activities in the coming months.

On another front, a university don has raised alarm, stating that Kenya may fall short of revenue goals due to high taxes included in the Finance Act 2023 and the proposed amendments in the Finance Bill 2024. The future remains uncertain as the country grapples with the implications of these financial decisions.

In the midst of this turmoil, it's clear that the Finance Bill 2024 is not just a document but a catalyst for intense discussions that will shape Kenya's economic landscape in the near future.