Finance Bill 2024 - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Sugar industry union warns of backlash if rejected finance bill is reintroduced

Sacco ReviewAugust 24, 202404 mins

A sugar workers union has warned of a major backlash if the rejected Finance Bill 2024 is forced down the throats of Kenyans. The Kenya Union of Sugar Plantation Workers (KUSPAW) Secretary General Francis Wangara said Kenyans will resist attempts to reintroduce the bill. Speaking in his Kisumu office, Wangara observed that there is nothing…

Reprieve for farmers, small traders as proposal to file eTims invoices is dropped

Sacco ReviewJune 19, 202404 mins

Kenya Kwanza MPs have succumbed to public pressure from Kenyans and dropped punitive taxes imposed on proposed Finance Bill 2024. Kenya Kwanza Parliamentary Group (PG) attended a meeting chaired by President William Ruto and his deputy Rigathi Gachagua were it was agreed National Assembly’s Finance Committee to drop some of the proposals. They proposed the…

Passaris urges Treasury to increase tax to bar banks, Saccos from lending to government

Sacco ReviewMay 17, 202403 mins

Nairobi Woman Representative Esther Passaris has urged the National Treasury to push the 5 per cent withholding tax on the interest income earned from the infrastructure bonds to 20 per cent. She revealed this in a statement on Thursday, May 16, 2024 seen by Sacco Review where she noted that the current proposed tax will…