Members of Parliament on Tuesday, June 25 passed the Finance Bill 2024 with the amendments.
The Bill was passed after being supported by a majority of the Kenya Kwanza parliamentarians. Azimio lawmakers rejected the Bill entirely.
195 MPs voted to adopt the Bill with amendments while 106 MPs voted NO.
The Bill will now proceed to the Third Reading before being taken to President William Ruto for assent.
It is expected to assent of the Bill will be done anytime during the week.
Following its adoption various tax proposals will come into effect depending on the schedule proposed in the Bill.
During the Committee Stage, some of the notable amendments that were proposed were the removal of the Motor Vehicle Tax and the restriction of the Eco Levy to finished imported goods.
Other adopted amendments included making the Social Health Insurance Fund (SHIF) tax deductible.
Notably, members of the opposition opted to withdraw the amendments noting that they could not amend a flawed Bill.
“We had extensive deliberation yesterday as Azimio we withdrew the amendments because would have been an exercise of futility and a means to sanitize the Finance Bill process,” he stated.
The contentious Bill has seen nationwide protests across the country including in Nairobi.
The protests have always been held on Tuesdays and Thursdays when Parliament is in session.
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