Tonight, we start the bulletin with an outrage from Tax consultants within the nation who’ve termed as retrogressive tax proposals contained within the Finance Invoice 2024. Apart from the Motor Car Circulation tax, which they declare will dent the nation’s motorcar insurance coverage penetration, the consultants are additionally against the proposal to introduce a 16 p.c VAT on monetary companies claiming that the transfer will return the county again to the period of “mattress banking”. The tax consultants additionally challenged the federal government to account for the already collected taxes earlier than burdening Kenyans with new taxes.
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Tax consultants specific outrage over Finance Invoice 2024
