{"id":108193,"date":"2023-12-04T19:11:47","date_gmt":"2023-12-04T19:11:47","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes"},"modified":"2023-12-04T20:07:41","modified_gmt":"2023-12-04T20:07:41","slug":"mps-now-push-for-reforms-on-implementation-of-new-taxes","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes","title":{"rendered":"MPs now push for reforms on implementation of new taxes"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Members of parliament are now pushing for reforms in Kenya\u2019s tax system that will make in mandatory for a complete impact assessment on any newly proposed taxes.<\/p>\n

The proposal comes after it an estimated 70,000 Kenyans lost their jobs in the past one year, due to what has been attributed to the implementation of the Finance Act, 2023.<\/p>\n

This development is now forcing the National Assembly to make a U-turn on some of the tax proposals and how new tax implementation will be undertaken in future.<\/p>\n

Despite increased revenue collection measures Kenya Revenue Authority (KRA) missed the quarter-one target of Sh665.9 billion after recording a deficit of Sh79 billion.<\/p>\n

Further a report by the Parliamentary Budget Office, has warned that the government will miss tax collection target by Sh300 billion if the current trends are anything to go by.<\/p>\n

In recommendations contained in a report on the draft National Tax Policy (NTP) by the National Assembly’s Finance Committee, MPs now want reforms in various tax bands ranging from Income Tax, Value Added Tax, Excise Duty, customs and changes in the Miscellaneous Fees & Levies Act.<\/p>\n

The Kuria Kimani led committee, is among other recommendations pushing for an efficient funding structure that will ensure settlement of approved tax refunds is done within six months.<\/p>\n

In an effort to provide certainty and predictability of the local business environment the committee recommended that local manufactures be exempted from new levies for up to five years<\/p>\n

\u201cThe committee having considered the proposed National Tax policy and submission from members recommends that levy\/charge levied to support and protect the local manufacturing and investment sector remains unchanged for at least five (5) years to allow growth of those sectors,\u201d reads the report.<\/p>\n

It continued: \u201cAny imposition of a levy\/charge be preceded by a comprehensively undertaken economic impact assessment before approval or implementation.\u201d<\/p>\n

Under the income tax band, the MPs want government to set a cap on amount of personal income that can be taxed.<\/p>\n

In submissions to the committee by the Institute of Certified Public Accountants, they had raised concern that that the lack of a framework for this has exposed Kenyans to increased taxation.<\/p>\n

\u201cIncome taxes should all times set at an optimal level to guard against the effect Laffer curve and ensure that it does not erode the disposable income\/ purchasing power of salaried employees,\u201d Kuria noted among the recommendations.<\/p>\n

Parliament also wants reforms that will provide Multiple VAT rates to allow for an opportunity for an alternative rate as a way to cushion the economy against shocks occasioned by global trends and the adverse effects of price increases of these products.<\/p>\n

\u201cProvides that in addition to costs compliance and administration costs as provided for in the draft National Tax Policy, the granting of VAT Exemptions be based on incentivizing investment and cushioning Kenyans from economic shocks,\u201d added the report.<\/p>\n

Five months after imposing a 16 percent Value-Added Tax (VAT) on fuel, which caused the price of a litre of petrol to climb by Sh35, the National Assembly is now also recommending a reversal of its decision.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Members of parliament are now pushing for reforms in Kenya\u2019s tax system that will make in mandatory for a complete impact assessment on any newly proposed taxes. The proposal comes after it an estimated 70,000 Kenyans lost their jobs in the past one year, due to what has been attributed to the […]<\/p>\n","protected":false},"author":84,"featured_media":108192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-108193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nMPs now push for reforms on implementation of new taxes - kenya<\/title>\n<meta name=\"description\" content=\"Members of parliament are now pushing for reforms in Kenya\u2019s tax system that will make in mandatory for a complete impac ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MPs now push for reforms on implementation of new taxes\" \/>\n<meta property=\"og:description\" content=\"Members of parliament are now pushing for reforms in Kenya\u2019s tax system that will make in mandatory for a complete impac ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-04T19:11:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-04T20:07:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/12\/sm_1701707690.068815.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"MPs now push for reforms on implementation of new taxes\",\"datePublished\":\"2023-12-04T19:11:47+00:00\",\"dateModified\":\"2023-12-04T20:07:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes\"},\"wordCount\":535,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/12\/sm_1701707690.068815.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes\",\"name\":\"MPs now push for reforms on implementation of new taxes - kenya\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/12\/sm_1701707690.068815.jpg\",\"datePublished\":\"2023-12-04T19:11:47+00:00\",\"dateModified\":\"2023-12-04T20:07:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Members of parliament are now pushing for reforms in Kenya\u2019s tax system that will make in mandatory for a complete impac ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/12\/sm_1701707690.068815.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/12\/sm_1701707690.068815.jpg\",\"width\":1000,\"height\":666,\"caption\":\"MPs now push for reforms on implementation of new taxes\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/kenya\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MPs now push for reforms on implementation of new taxes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/\",\"name\":\"kenya\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"MPs now push for reforms on implementation of new taxes - kenya","description":"Members of parliament are now pushing for reforms in Kenya\u2019s tax system that will make in mandatory for a complete impac ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes","og_locale":"en_US","og_type":"article","og_title":"MPs now push for reforms on implementation of new taxes","og_description":"Members of parliament are now pushing for reforms in Kenya\u2019s tax system that will make in mandatory for a complete impac ...","og_url":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes","og_site_name":"kenya","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-12-04T19:11:47+00:00","article_modified_time":"2023-12-04T20:07:41+00:00","og_image":[{"width":1000,"height":666,"url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/12\/sm_1701707690.068815.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"MPs now push for reforms on implementation of new taxes","datePublished":"2023-12-04T19:11:47+00:00","dateModified":"2023-12-04T20:07:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes"},"wordCount":535,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/12\/sm_1701707690.068815.jpg","keywords":["Africa Press","Africa Press-Kenya","Kenya"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes","url":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes","name":"MPs now push for reforms on implementation of new taxes - kenya","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/12\/sm_1701707690.068815.jpg","datePublished":"2023-12-04T19:11:47+00:00","dateModified":"2023-12-04T20:07:41+00:00","author":{"@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Members of parliament are now pushing for reforms in Kenya\u2019s tax system that will make in mandatory for a complete impac ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#primaryimage","url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/12\/sm_1701707690.068815.jpg","contentUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/12\/sm_1701707690.068815.jpg","width":1000,"height":666,"caption":"MPs now push for reforms on implementation of new taxes"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/mps-now-push-for-reforms-on-implementation-of-new-taxes#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/kenya\/"},{"@type":"ListItem","position":2,"name":"MPs now push for reforms on implementation of new taxes"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/kenya\/#website","url":"https:\/\/www.africa-press.net\/kenya\/","name":"kenya","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/108193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/comments?post=108193"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/108193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media\/108192"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media?parent=108193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/categories?post=108193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/tags?post=108193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}