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The Finance Bill, 2024 outlines tax regulations and financial policies proposed by the Kenyan Parliament.
THE FINANCE BILL, 2024 A Bill for AN ACT of Parliament to amend the law relating to various taxes and duties; and for matters incidental thereto ENACTED . by the Parliament of Kenya as follows— PART I—PRELIMINARY 1. This Act may be cited as the Finance Act, 2024, and shall come into operation, or be deemed to have come
Finance Bill, 2024 News & Events 𝐄𝐃𝐔𝐂𝐀𝐓𝐈𝐎𝐍 𝐂𝐎𝐌𝐌𝐈𝐓𝐓𝐄𝐄 𝐌𝐄𝐄𝐓𝐒 𝐒𝐓𝐀𝐊𝐄𝐇𝐎𝐋𝐃𝐄𝐑 𝐎𝐍 𝐁𝐈𝐋𝐋 𝐓𝐇𝐀𝐓 𝐒𝐄𝐄𝐊𝐒 𝐓𝐎 𝐁𝐑𝐈𝐃𝐆𝐄 𝐆𝐀𝐏 𝐅𝐎𝐑 𝐋𝐄𝐀𝐑𝐍𝐄𝐑𝐒 𝐖𝐈𝐓𝐇 ...
The projected growth for 2023 and 2024 is 5.5%, driven by private sector growth, service sectors, agriculture, and policy measures supporting BETA. Following the review of the 2024/25 BPS, the Budget and Appropriations Committee approved expenditure of KES 3.914 trillion.
At a macro-economic level, Kenya’s economy has demonstrated resilience, growing by 5.6% in the first three quarters of 2023, exceeding global and regional averages. The projected growth for 2023 and 2024 is 5.5%, driven by private sector growth, service sectors, agriculture, and policy measures supporting BETA.
The Finance Bill, 2024 (the Bill) proposes to delete the definition of ‘related persons’ under the Eighth Schedule and section 18 (6) of the Income Tax Act and restates the definition under section 2 of the Income Tax Act (the Act ).
www.parliament.go.ke