Finance Act 2024 Kenya. The finance committee agreed to remove the proposed 16 per cent value added tax imposed on bread after an uproar from the public. This year’s bill seeks to raise additional revenue of kes 302 billion, the largest amount of additional revenue in the history of kenya’s finance bills.
On 31 july 2024, the court of appeal, in the case of national assembly & another v okiya omtatah okoiti & 55 others (judgment), declared the entire finance act, 2023 (finance act). Kenya’s finance bill 2024, introduced on may 9, has stirred significant debate and public interest due to its ambitious tax proposals aimed at raising revenue for the kenya kwanza.