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Friday, June 30, 2023

The court suspends the implementation of the Finance Act Bill 2023

Busia Senator Okiya Omtatah has obtained orders suspending the implementation of the Finance Act 2023.

The Act is a product of a finance Bill passed by Parliament last week and assented to the law on Monday by President William Ruto.

Lady Justice M Thande in her ruling said she was satisfied that Senator Omtatah’s application met a threshold for conservatory orders.

The Act was to start in the coming financial year.

The bill included the 1.5% tax on house levy and the 5% to be deducted from the content creators.

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Item Reviewed: The court suspends the implementation of the Finance Act Bill 2023 Rating: 5 Reviewed By: Vipasho News
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