Home Business Finance Bill proposes removal of parliament oversight on VAT approval

Finance Bill proposes removal of parliament oversight on VAT approval

kenya revenue authority kra, taxation, tax, revenue collection
Share


Kenyan Wall Street | by Jackson Okoth


The Finance Bill 2021 has proposed to remove the requirement for the Cabinet Secretary, National Treasury and Planning to table any VAT Regulations to Parliament for approval.

Experts point out that if this proposal is passed into law, then National Treasury will be able to come up with new tax measures and implement them without any oversight from the National Assembly…

Read more…


Share

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version