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The housing levy is a significant agenda of President William Ruto, who has pledged to construct 1 million homes by 2027 under his affordable housing program already underway in parts of the country.
Kenya's parliament voted late on Wednesday to approve a contentious government finance bill that will double the fuel tax and introduce a new housing levy, handing a victory to President William Ruto.
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.
Many provinces levy property tax on real estate based upon land use and value. This is the major source of revenue for most municipal governments . While property tax levels vary across municipalities, a common property assessment or valuation criterion is laid out in provincial legislation.
Housing Finance Group of Kenya (HFGK), also Housing Finance Group Limited (HFGL), is a financial services holding company based in Kenya. HFGK maintains its headquarters in Nairobi , the capital and largest city, with subsidiaries and branches in major urban centers in the country.
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Faith Odhiambo, the President of the Law Society of Kenya, stated that everyone involved, actively or passively, must be held accountable for their actions. [12] The Kenya Human Rights Commission urged President Ruto to issue an immediate order to "stop the killings". A group of Catholic bishops also urged police not to attack protesters and ...
Customs duties in Kenya include import duty, excise duty, VAT, import declaration fee and railway development levy. When goods are imported, the following charges are applied depending on the type of goods. There is an import declaration fee (IDF) which is 2.25% of the value of the good with a minimum of 5,000/= payable. There is a railway ...