In this episode recorded on 15.05.2024, we are joined by our guest tax experts Ruth Mwiti, Ernest Muriu, and Karambu Muthaura to unpack the Finance Bill 2024.
We cover the proposed changes to the Income Tax Act, taxation of infrastructure bonds, motor vehicle circulation tax, VAT, pension and retirement benefits, excise duty, and changes to the Tax Procedures Act.
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Show Notes
00:00:00 Introduction
00:00:48 Overview of the Finance Bill 2024
00:05:51 Proposed Changes in the Income Tax Act
00:15:39 Motor Vehicle Tax
00:24:03 VAT
00:32:21 Pension, Retirement Benefits, and Excise Duty
00:47:55 Changes to the Tax Procedures Act
00:58:54 Amendments to the Employment Income
01:03:14 Is KRA Exempted From The Data Protection Act?
01:04:54 Infrastructure Bonds and Eco-Taxes
01:09:59 Closing Thoughts
Impact of the Finance Bill 2024