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Kenya’s Finance Bill passes in Parliament despite huge opposition

President Ruto

Nairobi, Kenya | ALL AFRICA.COM |  Members of parliament passed the controversial Finance Bill after those allied to President Ruto’s Kenya Kwanza Alliance, the majority side, voted 195 against 106 with zero abstentions.

This is despite the opposition Azimio alliance rejecting the bill, and huge protests in the streets of Nairobi and Mombasa over the past few days. One person was confirmed killed, and several were allegedly abducted by police wearing masks.

The Bill must now go to Ruto for assent.

The Finance Bill was amended to remove the proposed 16% VAT on bread, transportation of sugar, financial services, foreign exchange transactions, as well as the 2.5 % Motor Vehicle Tax. There will also be no increase in mobile money transfer fees, and Excise Duty on vegetable oil was also removed.

Income tax does not need to be paid for levies on the Housing Fund and the proposed one on Social Health Insurance, while the proposed Eco Levy will only be used for imported finished products that contribute to e-waste and damage the environment when they are no longer in use.

Locally manufactured products, including sanitary towels, diapers, phones, computers, tyres, and motorcycles, will not include the levy.

One comment

  1. these are the demands
    1. perform intensive debts audits, the previous foreign debts taken what have they done with and where
    2. allow cash flow to local citizens at the grassroot level
    3. to stop budgetting for corruption…their houses renovations,tours,covers,lifestyle boost how will all these help local mwanainchi
    4. they need to style up and know that they are slaves to citizens who appointed them. they should show worker/leadership spirit
    5. stop relying on foreign helps for recurrent expenditures instead of developments…the country has all it takes to develop
    6. its about our future not the current stomach…….MAN EAT MAN SOCIETY…WITH ….TUMBO LISILOSHIBA behaviors

    SHAME ON THEM AND THEIR GENERATIONS

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