On 26 June 2024, in response to two weeks of widespread anti-tax protests across major towns and cities in Kenya, President William Ruto recently announced, during a press briefing, the withdrawal of the controversial Finance Bill, 2024 (the Bill)
On 26 June 2024, in response to two weeks of widespread
anti-tax protests across major towns and cities in Kenya, President
William Ruto recently announced, during a press briefing, the
withdrawal of the controversial Finance Bill, 2024 (the Bill).
Originally published in the Kenya Gazette on 9 May 2024 and
subsequently passed by Parliament on 25 June 2024 amidst nationwide
demonstrations, the Bill proposed several amendments, including the
introduction of VAT on bread and taxes on products such as diapers
and sanitary towels, among other significant measures likely to
increase the cost of living. For a detailed review of the Bill and
the proposed tax measures, please refer to our analysis of the
Finance Bill 2024.
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