Treasury ask Kenyans to submit proposals on tax policy measures
2 min readTreasury ask Kenyans to submit proposals on tax policy measures for consideration in preparation of the Finance Bill 2023.
Njuguna Ndung’u, the Treasury Cabinet Secretary, has invited Kenyans to submit recommendations for changes to tax laws to the National Treasury for consideration as they work to draft the Finance Bill 2023.
According to Ndung’u, in addition to government departments and agencies, the private sector, non-governmental organizations, and people must submit ideas for tax policy reforms to be taken into account for the fiscal budget for the fiscal year 2023–2024.
The recommendations, according to him, must be delivered in writing to the Cabinet Secretary for National Treasury and Economic Planning and transmitted electronically to budgetproposals@treasury.go.ke by December 16th, 2022.
In a press statement sent to newsrooms, The Treasury said the proposals sent should be in line with Economic Recovery Strategy and the country’s economic blue print Vision 2030.
“We are encouraging Kenyans to submit tax proposals that will facilitate achievement of the government objectives in agriculture, micro, small and medium enterprise economy, housing and settlement, healthcare, digital superhighway and creative economy,” said Prof. Ndungu.
The Treasury said the proposal may include measures on regulatory reforms, revenue administration reforms and other measures that may enhance macroeconomic stability and reposition the economy on an inclusive and sustainable growth trajectory.
“The submission should be specific on the proposed amendment to the tax law, supported by a statement on the issue to be addressed and a clear justification for the proposed amendment,” he stated.
He said the invitation to Kenyans to submit the proposals aims at ensuring openness and accountability in financial matters as spelt out in Article 201 of the Constitution.
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