Why Finance Bill 2023 is likely to sail through, impose higher taxes

Parliament Buildings, Nairobi, September 29, 2022. [Elvis Ogina, Standard]Caption

The Finance Bill 2023 that proposes to expand taxation is likely to be approved by Parliament given that Kenya Kwanza Alliance enjoys majority numbers in the House.

The Bill that seeks to increase VAT on fuel, which will have a ripple effect on the cost of electricity and other commodities, has already been met with criticism from civil society and workers' unions even as it went up for public participation.