Kenya’s Finance Bill 2024 has passed an important stage in parliament despite strong public opposition. The bill proposes higher taxes, including a 1.5% digital tax and VAT on items like electric bikes and solar batteries. It received 204 votes in favor and 115 against, moving it forward for more legislative review.
Critics worry these tax hikes could raise costs for consumers and disrupt businesses, especially in ride-hailing and battery sectors. Responding to public outcry, the government has revised the bill, removing controversial proposals such as VAT on bread and motor vehicles.
Although these changes aim to ease immediate concerns, public dissatisfaction remains. Meanwhile, hacker group Anonymous threatens to expose alleged corruption involving lawmakers if the bill progresses.
Next, the bill heads to committee discussions and awaits a final reading before potential presidential approval. This underscores the ongoing clash between Kenya’s financial goals and public opinion.
