Kenya: Court Suspends Finance Bill Implementation

📆 7/1/2023 10:50 AM
📰 allafrica

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Court Suspends Finance Bill Implementation CapitalFMKenya: Kenya williamruto financebill governance economy legal

Lady Justice M Thande directed the implementation of the law to be put on hold, slamming breaks on President William Ruto's plan to raise additional funds through new taxes.

Omtatah had challenged the legality of the Bill, saying that it contravened the law since it was being led by the President.Alongside Michael Otieno and Benson Odiwuor Otieno, among others, Omtatah sued the National Treasury and the Attorney General.It proposes increasing the value-added Tax on Petroleum products from 8 percent to 16 percent effective July 1, among other recommendations.

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Kenya's High Court blocks tax hikes in newly signed lawKenya's High Court on Friday suspended the implementation of a newly signed finance law that was set to double fuel tax and introduce new taxes.
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