Government intends to focus on aggressive revenue mobilization
Treasury Cabinet Secretary Professor Njuguna Ndung’u, is looking for tax policy proposals touching on agriculture and 6 other priorty sectors.
He has invited Kenyans to submit their views on tax policy measures they would like the ministry to consider.
CS Ndung’u recently kicked off the preparation of the Finance Bill 2023 which will inform how the government collects and spends money in the upcoming 2023/24 financial year.
The cabinet secretary encouraged Kenyans to submit tax proposals that will facilitate the achievement of the government objectives which should support the economic recovery strategy and the country's economic blueprint Vision 2030.
Specifically, Treasury is looking for tax policy proposals touching on agriculture, micro, small and medium enterprise (MSMEs), economy, housing and settlement, healthcare, digital superhighway and the creative economy.
“In addition, the proposals may include measures on regulatory reforms, revenue administration reforms, and any other measures that may enhance macroeconomic stability and reposition the economy on an inclusive and sustainable growth trajectory,” the notice from CS Ndung’u read.
He also explained that the submissions 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.
The set deadline for the submission of the tax proposals is December 16, 2022.
