Kenya court strikes out key clauses of a finance law as economic woes deepen from rising public debt
- The Kenyan High Court has struck out key clauses of the Finance Act 2023, including a mandatory housing levy, due to them being unconstitutional. The law had raised taxes and the cost of living.
- President William Ruto's plan to construct 1 million homes under his affordable housing program has been affected by the court ruling.
- The Finance Act, supported by the International Monetary Fund, aims to increase revenue collection to pay off Kenya's foreign debt, but has faced significant opposition and protests.
18 Articles
18 Articles
Kenyan court strikes down contentious housing tax
A Kenyan court ruled on Tuesday that a controversial housing levy introduced by President William Ruto was illegal, dealing a blow to his plans to try to shore up depleted government coffers. The 1.5-percent levy on the salaries of all taxpaying Kenyans, to be matched by employers, was signed into law in June to fund an affordable housing programme. A three-judge panel at the High Court in Nairobi said the introduction of the tax lacked a compre…
Kenyan court strikes down housing levy, stays ruling until Jan 10
Kenyan court strikes down housing levy, stays ruling until Jan 10 Kenya's High Court on Tuesday declared unconstitutional a 1.5% levy intended to fund affordable housing that was imposed as part of a finance law adopted in June, but later stayed the ruling until Jan 10 to allow for the government to appeal.The law, which also doubled the fuel tax and increased the top income tax rate, sparked violent protests in July by opponents who said it wo…
Kenya court strikes out key clauses of a finance law as economic woes deepen from rising public debt
The Kenyan High Court on Tuesday struck out key clauses of a contentious finance law that has been blamed for significantly raising taxes and the cost of living in East Africa's largest economy.
Kenya court strikes out key clauses of a finance law as economic woes deepen from rising public debt
NAIROBI, Kenya (AP) — The Kenyan High Court on Tuesday struck out key clauses of a contentious finance law that has been blamed for significantly raising taxes and the cost of living in East Africa’s largest economy. High court judges David Majanja, Christine Meoli and Lawrence Mugambi said parts of the Finance Act 2023, including a mandatory housing levy, were unconstitutional and couldn’t be enforced. “The levy against persons in formal employ…
Kenya court strikes out key clauses of a finance law as economic woes deepen from rising public debt
By EMMANUEL IGUNZA Associated Press NAIROBI, Kenya (AP) — The Kenyan High Court has struck out key clauses of a contentious finance law that has been blamed for significantly raising taxes and the cost of living in East Africa’s largest economy. A trio of high court judges said Tuesday that parts of the Finance Act 2023 that touched on a mandatory housing levy were unconstitutional and couldn’t be enforced. The law has been backed by the Interna…
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