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The Kenya Finance Bill 2024 was a piece of legislation that proposed changes to the tax system of Kenya, [1] which involves tax increases. [2] The proposed bill aims to raise 346 billion Kenyan shillings (KSh) to pay off debt and fund development projects.
The 2024 Finance Bill is the first in a series of tax reforms based on a Medium-Term Revenue Strategy (MTRS) devised and published by the Kenyan government in 2023 through the Ministry of National Treasury and Economic Planning.
The bill imposed a 16% tax on goods and services for the construction and equipping of specialized hospitals, and increased import taxes from 2.5% to 3%. Certain initial proposals, including a 16% sales tax on bread and 25% duty on cooking oil, were dropped beforehand because of public opposition. [ 5 ]
Kenya’s president calls protests ‘treasonous’ after police fire live rounds at demonstrators Larry Madowo, Stephanie Busari, Catherine Nicholls and Sugam Pokharel, CNN June 25, 2024 at 8:49 PM
On 31 May 2019, the Central Bank of Kenya issued a new family of banknotes without the portraits of known Kenyan individuals, as mandated by the Constitution of Kenya of 2010. At the same time, the Central Bank of Kenya has withdrawn all previous versions of the 1,000/= banknote. These remained legal tender until 1 October 2019.
Treasury bills range in terms from four weeks to 52 weeks, with common maturity dates of four weeks, eight weeks, 13 weeks, 26 weeks and one year. You can buy them in increments of $100. Treasury ...
The National Treasury [1] of the Republic of Kenya is the Kenyan government ministry which formulates financial and economic policies and oversees effective coordination of Government financial operations.
Treasury bills (or T-bills) are one type of Treasury security issued by the U.S. Department of the Treasury to fund government operations. They usually have maturities of four, eight, 13, 17, 26 ...