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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 MTRS aims to increase the tax-to-GDP ratio in Kenya from 13.5% to at least 20% from 2024 to 2027. [26]
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. [2] [3] It was first introduced in May 2024 and has been controversial, [4] with some ...
On 25 June 2024, thousands of protesters stormed the Kenyan Parliament Building in Nairobi in response to the passing of the Kenya Finance Bill 2024, part of a larger series of protests against the proposed tax increases. The protest escalated when the protesters set part of the building on fire. [4]
Kenya's Ruto rejects tax bill, returns it to parliament, local media reports. June 26, 2024 at 8:51 AM (Reuters) - Kenya's President William Ruto on Wednesday declined to sign a highly contentious ...
NAIROBI (Reuters) -Kenya's government plans to cut 2024-25 spending by 1.9% and widen the fiscal deficit to 3.6% of GDP in a revised budget, the treasury said, weeks after it was forced to roll ...
Violent clashes between police and protestors have broken out in Nairobi, Kenya on Thursday as a government vote on a controversial finance bill gets underway. Kenya anti-tax protests turn violent ...
2024 Parliament of Kenya assault: The Parliament Buildings in Nairobi are set on fire during protests against the finance bill, [17] while 10 protesters are shot dead by police. [ 18 ] Kenyan police units arrive in Haiti for a United Nations -backed security mission to restore order.
NAIROBI (Reuters) -Kenya's opposition on Thursday called for a third day of demonstrations against tax hikes on July 19, after previous protests saw several of Kenya's towns and cities witness ...