In recent financial years and tabling of tax proposals, the National Treasury of the Republic of Kenya has often tabled one legislative proposal- the Finance Bill, for consideration at the National Assembly. This single legislative proposal has been serving as an omnibus bill which houses various tax proposals on excise tax, income tax, value-added tax and miscellaneous fees and levies that seek to amend the Excise Duty Act CAP 483, Income Tax Act CAP 470, Value Added Tax Act CAP 476, and Miscellaneous Fees and Levies Act CAP 469C respectively.
Read more…