New Taxes In Kenya 2024. The new taxes would include a 2.75% levy on income for the national medical insurance plan, as well as increased taxes on vegetable oil and fuel, which would increase the cost of production. This tax, set at a rate of 3%, is payable by individuals on income derived from the transfer or exchange of digital assets.
A new proposal by the government to widen the tax base will hit pockets hard. From a policy perspective, higher tax.
Kenya Has Published The Finance Bill, 2024 Which Proposes A Wide Array Of Tax And Administrative Measures Affecting Different Tax Laws.
The proposals are open for public.
The Bill Proposes A 2.5% Tax On The Value Of Motor Vehicles, Payable By Owners At The Time Of Issuance.
The finance act, 2023, signed into law on june 26, 2023, raised the top tax rate for individuals from 30 percent to 35 percent, effective from july 1, 2023.
New Taxes In Kenya 2024 Images References :
The 2024/25 Spending Plan Tables A Case For A Radical Overhaul Of The Exempt &Amp; Zero Rated Schedules Of The Vat Act To Cure Kenya's Kes 396.0 Billion Tax Expenditure Headache.
File | nation media group.
The Estimated Revenues From Taxes Is Expected To Be Kes.
Several of them will raise the cost of crucial goods and services significantly for both individuals and businesses.