Divisive Finance Bill becomes law

Kenyans are bracing for tough times ahead after President William Ruto signed into law the controversial finance bill 2023 inherently instituting punitive taxation measures on Kenyans starting next month, July. the signing is in line with the president’s revenue raising bid to finance the 3.6 trillion-shilling budget. From July, petroleum products will attract a 16 percent value added tax up from 8 percent while salaried Kenyans and their employers will both have to part with 1.5 percent deduction to finance President William Ruto's affordable housing plan.