National assembly begin debate on Finance bill 2022

Members of the national assembly have begun the debate on the finance bill 2022 after the finance committee rejected further taxation on basic food commodities and common household goods.

The Committee chaired by Homabay County Woman Representative Gladys Wanga pointed out that ratifying  the proposals would further increase the cost of living .

The National Treasury led by Ukur Yatani had proposed more taxation on the maize floor to raise an additional 51.6 billion shillings  to support the Budget.

The Committee has also  recommended that VAT on gas should be charged at 8 percent, not 16 percent as Yatani had proposed.

Wanga and her team have also rejected a proposal to charge excise duty on motorcycles, which would have seen their tax go up.

Nevertheless committee adopted some of the proposals by Treasury including higher duty on nicotine products and the introduction of excise duty on nicotine alternatives.

The proposal will be law that forms the Finance act 2022 if passed by the whole house of the national assembly.

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