• Contact Us
  • About Us
Thursday, October 29, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Kenyan Court Nullifies 2023 Finance Law In New Blow To President Ruto

metro by metro
July 31, 2024
in News
0
Kenyan Court Nullifies 2023 Finance Law In New Blow To President Ruto
0
SHARES
0
VIEWS

 

 

Read Also

Creating An Enabling Environment Is Amorphous and Sometimes Dubious.

Two High-speed Trains Collide In Spain, At Least 10 Dead

Netanyahu Survives Another Day With Unexpectedly Clear Backing Of Israeli Jews

Kenya’s Court of Appeal on Wednesday declared the government’s 2023 finance law unconstitutional, inflicting a new blow to the government of President William Ruto who withdrew this year’s finance bill after deadly protests.

The finance bills, which are presented to parliament at the start of every financial year, are the main vehicle for the government to set out its revenue-raising measures including tax hikes and the introduction of new levies.

The 2023 version was challenged in court following a round of political opposition-led street protests that turned violent, after Ruto’s government used it to double the value added tax on fuel, introduce a housing tax, and raise the top personal income tax rate, among other measures.

“A further declaration is hereby issued that the failure to comply with this constitutional dictate renders the entire Finance Act, 2023 unconstitutional,” a three-judge bench of the Court of Appeal said in a ruling.

The court’s verdict was in respect of an appeal of another one from the High Court late last year, which largely left the finance bill intact, only striking out the housing levy.
The government pushed through a new law to allow it to continue collecting the housing tax after that ruling and that law is also being challenged in court.

The government, which has been relying on the 2023 finance law to continue collecting taxes after Ruto withdrew this year’s bill, did not immediately comment on the ruling.

The government can appeal the Court of Appeal ruling at the Supreme Court, which is the highest court.

ALSO READ:Oil Rises As Mideast Tensions Overshadow China Data Concerns

Reuters could not reach the office of the Chief Minister Musalia Mudavadi for comment. The top official at the finance ministry, Chris Kiptoo, did not respond to requests for comment.

Ruto has nominated a new finance minister after he fired all ministers but one in response to the youth-led violent protests that started last month.

Ruto says the higher taxes are necessary to enable the government to fund development programmes while paying off a heavy public debt load that currently exceeds the recommended level by the International Monetary Fund and the World Bank.
The government has submitted a new economic plan to the IMF and it expects the board of the fund to consider it at the end of August.

 

Previous Post

Oil Rises As Mideast Tensions Overshadow China Data Concerns

Next Post

Flashback: ‘Bury Me Quickly, Privately’ – Onyeka Onwenu

Related Posts

Creating An Enabling Environment Is Amorphous and Sometimes Dubious.
News

Creating An Enabling Environment Is Amorphous and Sometimes Dubious.

October 28, 2026
Two High-speed Trains Collide In Spain, At Least 10 Dead
News

Two High-speed Trains Collide In Spain, At Least 10 Dead

October 28, 2026
Netanyahu Survives Another Day With Unexpectedly Clear Backing Of Israeli Jews
News

Netanyahu Survives Another Day With Unexpectedly Clear Backing Of Israeli Jews

October 28, 2026
Outrage As Nigeria Panel Says 37 Detained Miners Died From Overcrowding, Neglect
News

Outrage As Nigeria Panel Says 37 Detained Miners Died From Overcrowding, Neglect

October 28, 2026
Next Post
Flashback: ‘Bury Me Quickly, Privately’ – Onyeka Onwenu

Flashback: ‘Bury Me Quickly, Privately’ – Onyeka Onwenu

Twenty contacts of Kenya’s first Ebola case released from quarantine

October 28, 2026
Student Loan: NELFUND. Announces 14-Day Application Postponement For State Owned Institutions

Relief As NELFUND Introduces Token System To Stop Students From Paying School Fees Twice

October 28, 2026
Creating An Enabling Environment Is Amorphous and Sometimes Dubious.

Creating An Enabling Environment Is Amorphous and Sometimes Dubious.

October 28, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version