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Treasury in trouble over 'illegal' taxes

By | March 14th 2012 at 00:00:00 GMT +0300

MPs are accusing the Treasury of collecting illegal taxes as Parliament is yet to pass the Finance Bill.

Members took to task the acting Finance Minister Njeru Githae who argued that Parliament had allowed the Treasury to levy the taxes until December 31, 2011.

According to MPs John Mbadi, Jakoyo Midiwo and Gitobu Imanyara, any taxes collected beyond the period is illegal.

Githae’s suggestions that the taxes would be ratified with the passage of the Finance Bill that is before the House drew angry reactions from the members.

The MPs challenged the minister, saying he was anticipating that the House would pass the Bill and asked Githae to restrict himself to taxes collected outside the four months period sanctioned by the House.

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The Speaker gave the minister more time to consult and report to the House the Government position on the matter on Thursday.

Last year, Parliament stood its ground that the Finance Bill must be amended to allow for fixing of bank interests rates.

Midiwo (Gem) had proposed amendments to the Bill to cap interest rates for commercial banks at not more than four per cent above the Central Bank of Kenya’s rates.

–Story by David Ochami, Steve Mkawale, Peter Opiyo and Alex Ndegwa

Treasury Finance Minister Njeru Githae illegal taxes
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