New taxes illegal
04 January 2012, 08:44
Nairobi - Daily Nation reports that a crucial law needs to be passed soon validating the taxation measures announced by Finance minister Uhuru Kenyatta in June.
Following a stalemate between the Executive and MPs over the contents of the Finance Bill, Parliament failed to meet the December 31 deadline set to approve the taxation measures that reviewed taxes on beer and cigarettes upwards.
The failure is likely to take away the provisional legitimacy that Kenya Revenue Authority has to collect new taxes.
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