New Taxes In Kenya 2024. The bill initially proposed to introduce a 16% sales tax on bread and 25% duty on cooking oil. The finance bill, 2024 proposes significant changes to the tax framework.
The bill initially proposed to introduce a 16% sales tax on bread and 25% duty on cooking oil. A trader counts the day’s sales at gikomba market in nairobi in october last year.
July 8, 2024 At 10:55 Pm Pdt.
Extending the time frame for the kenya revenue authority to issue decisions from 60 to 90 days.
We Summarise In This Alert The Key Changes Proposed Under The Bill.
Several of them will raise the cost of crucial goods and services significantly for both individuals and businesses.
New Taxes In Kenya 2024 Images References :
The Finance Act 2023 Introduced A Digital Asset Tax.
The bill proposes to introduce a number of changes to income tax, value added tax (vat) and excise duty amendments as well as changes to the administration of taxes in kenya.
Since Coming To Office In 2022, President William Ruto Has Introduced Several New And Unpopular Taxes With The Aim Of Eliminating The Country’s National Debt Of Nearly $80Bn (£63Bn).