![]() In the recent past, the government has struggled to meet its expenditure requirements and in some of the proposals the government has sought to increase taxes to bridge its fiscal deficit. The proposals are also a pointer to the priority sectors which the government is targeting to grow the economy and ease the cost of living. The Bill proposes a raft of tax changes which are geared towards expanding the tax base and raising revenues to meet the government’s ambitious budget of KES 3.6 trillion for the year 2023/2024. ![]() The National Treasury tabled the Finance Bill, 2023 (the Bill) before the National Assembly on Thursday.
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