Tax proposals outlined in the recently unveiled Finance Bill 2024

On 16 May 2024, CDH Kenya hosted a breakfast forum for a diverse group of industry leaders from banking and finance, private equity, logistics, betting, and education. The event centred on critical tax proposals outlined in the recently unveiled Finance Bill 2024.   A shared concern emerged among participants: Kenya's economic resilience and attractiveness are threatened by frequent, poorly timed, and inadequately designed tax amendments. Specific anxieties were voiced regarding the Bill's proposed hikes in financial service taxes and the new motor vehicle tax.