Finance Bill 2024

2024 - 6 - 18

Breaking News: Kenyan MPs Back Down on Tax Plans After Public Outcry

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Kenyan MPs backtrack on planned taxes due to public outrage. Find out what major tax proposals were removed from the Finance Bill 2024!

In a surprising turn of events, Kenyan Members of Parliament have decided to drop controversial tax plans from the Finance Bill 2024. The decision comes after widespread protests and public dissatisfaction with the proposed taxes on essential items such as bread and motor vehicles. Finance Committee Chairman Kimani Kuria led the announcement, stating that the changes were made considering the financial strain faced by many Kenyans.

President William Ruto chaired a meeting with Kenya Kwanza Members of Parliament at State House, Nairobi, discussing the upcoming Finance Bill 2024 debate. The government's reversal of several tax proposals was a response to the mounting pressure from the public, emphasizing the need to ease the financial burden on Kenyan citizens.

The Finance Bill 2024 saw a significant shift as the Kenya Kwanza government made a U-turn on key tax proposals that were initially part of President Ruto's budget plan for 2024/2025. The ruling Kenya Kwanza Alliance confirmed the withdrawal of many contentious issues from the bill, reflecting a shift in legislative priorities based on public feedback.

In a positive development, the National Assembly's Finance Committee agreed to drop some punitive taxes following sustained public pressure. The decision demonstrates the power of public opinion in shaping legislative decisions and ensuring that the government responds to the needs and concerns of its citizens.

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Image courtesy of "Daily Nation"

Finance Bill 2024: MPs drop plan to tax bread and motor vehicles (Daily Nation)

Finance Committee Chairman Kimani Kuria addresses the media after Kenya Kwanza Parliamentary Group meeting at State House, Nairobi, on June 18, 2024.

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Image courtesy of "Business Daily"

Finance Bill: MPs drop 'punitive' taxes as Kenyans protest (Business Daily)

The Kimani Kuria-led committee announced the proposed changes, noting that they were informed by the inflationary pressures confronting a lot of Kenyans.

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Image courtesy of "The Star, Kenya"

List of major tax proposals removed from Finance Bill 2024 (The Star, Kenya)

The Kenya Kwanza government has made a major U-turn on key tax proposals President William Ruto was relying on to foot his 2024/2025 budget.

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Image courtesy of "Kenya Broadcasting Corporation"

Government says contentious proposals in Finance Bill 2024 have ... (Kenya Broadcasting Corporation)

The ruling Kenya Kwanza Alliance on Tuesday confirmed that a majority of the contentious issues in the Finance Bill 2024 have been withdrawn.

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Image courtesy of "Capital FM Kenya"

President Ruto chairs Kenya Kwanza PG on Finance Bill 2024 (Capital FM Kenya)

NAIROBI, Kenya, Jun 18 - President William Ruto Tuesday met Kenya Kwanza Members of Parliament in State House ahead of Finance Bill 2024 debate in the ...

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Image courtesy of "The Standard"

Finance Bill 2024: Major tax proposals dropped (The Standard)

The government has reversed several tax proposals in the Finance Bill 2024, citing the need to alleviate the financial burden on Kenyans after considering ...

NTV Kenya: Finance Bill relief: MPs succumbs to public pressure ... (NTV Kenya)

The sustained pressure from Kenyans may have yielded fruit after the National Assembly's Finance Committee last evening agreed to drop some of the punitive ...

Finance Bill: MPs drop 'punitive' taxes as Kenyans protest (The East African)

The Kimani Kuria-led committee announced the proposed changes, noting that they were informed by the inflationary pressures confronting a lot of Kenyans.

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Image courtesy of "Kenya"

FINANCE BILL AMENDMENTS (Kenya)

Kenya Kwanza Parliamentary Group met at State House Nairobi on Tuesday. MPs and Senators were taken through the changes made to the Finance Bill 2024 by ...

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Image courtesy of "The Star, Kenya"

Jubilee directs its MPs to shoot down Finance Bill, 2024 (The Star, Kenya)

Secretary General Jeremiah Kioni said their position as Jubilee and members of Azimio la Umoja-One Kenya Alliance is that the Finance Bill, 2024 must be ...

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Image courtesy of "Kenyan Wallstreet"

Parliament Makes Changes to Finance Bill amid Protest in Nairobi (Kenyan Wallstreet)

Parliament has amended some recommendations in the Finance Bill 2024 following an uproar from the public over the implications of the Bill on their finances ...

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Image courtesy of "Kenya Broadcasting Corporation"

President Ruto says Finance Bill 2024 has been adjusted ... (Kenya Broadcasting Corporation)

President William Ruto has lauded the move by the National Assembly Committee on Finance to announce a raft of changes to the Finance Bill 2024.

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Image courtesy of "The Star, Kenya"

Why Kenya Kwanza dropped major tax proposals in Finance Bill, 2024 (The Star, Kenya)

Public outcry and fears of full-blown countrywide protests forced the government to cave in.

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Image courtesy of "The Standard"

Finance Bill 2024: Major tax proposals dropped (The Standard)

The government has reversed several tax proposals in the Finance Bill 2024, citing the need to alleviate the financial burden on Kenyans after considering ...

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Image courtesy of "BBC News"

Kenya finance bill 2024: Bread and other tax proposals axed amid ... (BBC News)

Dozens of people were also been arrested amid the demonstrations as MPs announce the axing of some taxes.

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Image courtesy of "Capital FM Kenya"

Kenya Kwanza MPs pledge to vote for the Finance Bill 2024 (Capital FM Kenya)

NAIROBI, Kenya, Jun 18 - Kenya Kwanza Parliamentary Group will vote for the Finance Bill 2024 when it comes up for debate in the National Assembly later ...

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Image courtesy of "Kenya Broadcasting Corporation"

Commitee tables Finance Bill 2024 Report before National ... (Kenya Broadcasting Corporation)

The Report of the Finance and National Planning Committee on the Finance Bill 2024 has been tabled before the National Assembly. Second reading and debate ...

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Image courtesy of "Capital FM Kenya"

MPs Finance Committee Adjusts Finance Bill 2024 to Secure ... (Capital FM Kenya)

Azimio leaders have vowed to reject the Finance Bill 2024 in totallity, saying it is economically oppressive on Kenyans. - Kenya breaking news | Kenya news ...

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Image courtesy of "Daily Nation"

Finance Bill 2024 concessions and the questions that beg (Daily Nation)

What you need to know: The Finance Bill which, as initially drafted, sought to raise Sh346.0 billion worth of additional tax revenue. Government has announced ...

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Image courtesy of "The Star, Kenya"

Finance Bill 2024: Key tax proposals retained (The Star, Kenya)

President William Ruto and a host of Kenya Kwanza Parliamentary Group members addressing the media on Tuesday, June 18, 2024. Image: PCS.

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Image courtesy of "Business Daily"

What next after the Finance Bill is tabled? (Business Daily)

A Finance Bill once passed into law gives the government the legal force to collect taxes to finance the country's budget.

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Image courtesy of "The Star, Kenya"

On the radar: Members of Parliament to debate Finance Bill 2024 (The Star, Kenya)

Interior Principal Secretary Raymond Omollo will preside over launch of the NACADA Strategic Plan 2023 - 2027. The event on Wednesday will take at the ...

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Image courtesy of "Kenya Broadcasting Corporation"

National Assembly commences debate on Finance Bill 2024 - KBC (Kenya Broadcasting Corporation)

The National Assembly has began debating the Finance Bill 2024 ahead of a crucial vote scheduled for Thursday morning. Finance Committee Chair Kimani Kuria ...

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Image courtesy of "Kenya Broadcasting Corporation"

Finance Bill 2024: Mudavadi says govt decisions will not always be ... (Kenya Broadcasting Corporation)

Prime Cabinet Secretary Musalia Mudavadi is appealing to Kenyans to appreciate efforts being made by the government to ensure it runs its programmes and ...

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Image courtesy of "Peoples Dispatch"

Amidst economic hardships and repression, Kenyans reject the ... (Peoples Dispatch)

Hundreds were arrested and brutalized in Nairobi by police forces during protests against the government's finance bill.

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