FINGER ON THE PULSE
September 18, 2023 -
Reading Time: < 1 minute - By Brian Otieno
- President Ruto heads to the US where he will lead a meeting with big tech companies in Silicon Valley as he sells Kenya as the preferred ICT investment destination.
- The Draft Medium Term Revenue Strategy is out for public participation. The Strategy has made a raft of taxation proposals that may impact the cost of living, for instance, the proposal to increase VAT to 18% from the current 16%, matching it with other countries within the EAC region.
- Hearing of petitions on the Finance Act, 2023 commences at the High Court. The three-judge bench led by Justice David Majanja is hearing the petitions lodged by Okiya Omtatah among others on the constitutionality of the Act.