@BdAfrica

Consumer tax pain in Rotich's Sh3trn budget - 10 months ago, 14 June 10:52

Charles Mwaniki

Treasury secretary Henry Rotich is expected to hit ordinary consumers and high-income earners hardest as he unveils new tax measures to finance his Sh3 trillion budget.

Mr Rotich has largely played his hand on the VAT law where he has used the Tax Laws (Amendment) Bill, 2018 to introduce new measures expected to yield billions of shillings in new tax revenues.

He has also proposed an overhaul of the income tax regime to charge high-income earners more in a Bill he is due to submit to Parliament this afternoon.

Mr Rotich is expected to present to Parliament an expanded budget of Sh3 trillion that is Sh400 billion more than last year’s Sh2.62 trillion despite concerns that the rising budget deficit is driving public debt to an unsustainable levels.

Excise (or sin) tax has traditionally hit consumers of alcoholic beverages and cigarette smokers, but the government has recently made bold steps to charge it on ...
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