President William Ruto’s administration has once again sparked outrage with the introduction of new taxes in the proposed Finance Bill, 2024.
The Kenya Kwanza regime has proposed a range of taxes that are expected to make life more challenging for many Kenyans.
Critics, including politicians and human rights activists, have condemned the new tax measures as immoral and unacceptable.
National Assembly Minority Leader Opiyo Wandayi expressed no surprise at the regime’s actions, stating that they have a history of burdening Kenyans.
The opposition, led by Raila Odinga, is closely examining the new tax Bill and will soon release their official stance on it.
One of the key provisions in the Bill is the introduction of a Motor Vehicle Tax, which will be calculated at 2.5% of the vehicle’s value.
Car owners will now have to pay between Sh5,000 and Sh100,000, depending on the value of their vehicle.
Insurers who fail to collect and remit the motor vehicle tax will face penalties equivalent to 50% of the uncollected tax, in addition to the actual amount owed.
The introduction of these new taxes has caused a significant uproar among the public, who are already struggling with the economic impact of previous tax measures.
The government’s decision to implement these taxes has raised concerns about the overall economic sense and fairness of such measures.