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Job cuts, closures loom as industry warns over new proposed taxes

Finance Bill 2024 proposes a raft of taxes across many sectors to raise revenue to finance budget. Stakeholders warn against passing the Bill in its current form, saying it will hurt the economy.

Raimond malonjeFathi hayel saeedJohn mwendwaEric kinitiGeorge abasyPlanning committeeDigital service taxCoca colaNational assemblyPublic affairsAfrican breweries ltdKenya bankers associationNational planning committeeFinance billForeign direct investmentChrome vodka

Job cuts, closures loom as industry warns over new proposed taxes

Finance Bill 2024 proposes a raft of taxes across many sectors to raise revenue to finance budget. Stakeholders warn against passing the Bill in its current form, saying it will hurt the economy.

Eric kinitiRaimond malonjeJohn mwendwaFathi hayel saeedGeorge abasyNational assemblyAfrican breweries ltdNational planning committeePublic affairsKenya bankers associationPlanning committeeCoca colaDigital service taxFinance billForeign direct investmentChrome vodka

Edible oil manufacturers warn of steep price hikes over proposed tax increase

The manufacturers said that citizens were constrained by increased taxes such as housing levy and SHIF with minimum wage being approximately Sh18,000.

Nairobi areaPemba northElvis oginaFathi saeedVimal shahFathi hayel saeedCooperatives committeeEdible oilNational treasuryHealth insurance fundAfrica communityIndustry cooperatives committeeAfrican communityBidco africa ltdNational assemblyRailway development levy

Proposed 25pc excise duty to harshly affect Kenyans, chase investors, stakeholders say

NAIROBI, Kenya May 29 - Kenyans are set to brace for harsh economic times following proposals in the finance bill 2024/2025 to increase taxes in the - Kenya breaking news | Kenya news today | Capitalfm.co.ke

Nairobi areaNitin shahHayel saeedKapa oilEdible oil subsectorMembers of parliamentMinistry of environmentNational assembly trade committeeEdible oil manufacturersBidco manufacturers limited chairperson vimal shahOil crops directiveKenya mayOil manufacturers chairman hayel saeedNational assembly tradeEdible oilsManufacturers limited chairperson vimal shah

Kenya: Proposed 25pc Excise Duty to Harshly Affect Kenyans, Chase Investors, Stakeholders Say

Kenya: Proposed 25pc Excise Duty to Harshly Affect Kenyans, Chase Investors, Stakeholders Say
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Nairobi areaHayel saeedNitin shahEdible oil manufacturersOil crops directiveMinistry of environmentNational assembly trade committeeBidco manufacturers limited chairperson vimal shahMembers of parliamentEdible oil subsectorKapa oilOil manufacturers chairman hayel saeedNational assembly tradeEdible oilsManufacturers limited chairperson vimal shahOil chief executive officer