Sharp Daily
No Result
View All Result
Saturday, April 25, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenyans should brace themselves for a new wave of taxation, says Azimio

Brenda Murungi by Brenda Murungi
February 23, 2024
in News
Reading Time: 2 mins read

Azimio la Umoja led by Wiper leader Kalonzo Musyoka, have warned that Kenyans should be ready for a new wave of taxation that would worsen the economic situation. They claim the Budget Policy Statement (BPS) being processed in Parliament will double taxes.

BPS is a government policy document that sets out the broad strategic priorities and policy goals to guide the national and the county governments in preparing their budgets for the subsequent financial year.

They argued that the policy document proposes implementing advance tax on goods and services supplied to the government, along with imposing VAT on educational services. This move is anticipated to result in an increase in school fees. Additionally, the document introduces new taxes on agricultural produce.

“If BPS is anything to go by, Kenyans must tighten their belts because Kenya Kwanza is coming for them in new wave of taxation,” Kalonzo said.

RELATEDPOSTS

National assembly approves infrastructure fund to mobilize ksh 5 trillion

March 6, 2026

National assembly clears key nominees for cabinet and commissions

January 16, 2025

“To the ordinary Kenyans, the mama mbogas, boda boda riders and mjengo people, the regime is coming again with a double taxation plan with increased taxes of approximately KES 27,000 per adult Kenyan.”

The leader of the Wiper party stated that Azimio is prepared to take any necessary measures to prevent the passage of the BPS in order to protect Kenyans from what he referred to as ”looming danger”

Kalonzo made this statements after chairing the Azimio Summit meeting at Jaramogi Oginga Odinga Foundation in Nairobi, which was attended by National Assembly Minority leader Opiyo Wandayi, DAP-K leader Eugene Wamalwa, former presidential candidate George Wajackoya, and former governors Mwangi Wa Iria (Murang’a) and Ndiritu Muriithi (Laikipia).

The opposition also voiced concerns on the Affordable Housing Levy Bill, 2023, that was on Wednesday passed by the National Assembly. Kalonzo asserted that legislators who supported the Bill are betrayers who opted to subject Kenyans to severe taxation, pushing them to the brink.

The Raila Odinga troops accused Speaker Moses Wetang’ula of dictating to them how to prosecute the Bill. The Azimio compatriots stormed out of the chamber after their amendments were not considered. The Bill has since been transmitted to Senate for concurrence.

Previous Post

Farewell to a legend, Kevin Kiptum

Next Post

Lawmakers accuse police of fuelling illicit alcohol trade

Brenda Murungi

Brenda Murungi

Related Posts

News

Land acquisition for first time owners

April 24, 2026
News

Trends in luxury real estate

April 24, 2026
News

Kenya’s Digital Tax Shift

April 24, 2026
News

KRA targets mobile money loopholes as informal sector tax crackdown intensifies

April 24, 2026
News

Liquidity-Led Gains or Fundamental Recovery? What Q1’2026 Reveals About the NSE

April 24, 2026
News

The role of external debt in economic development and financial stability

April 24, 2026

LATEST STORIES

How a regional refinery could reshape East Africa’s trade deficit

April 24, 2026

Land acquisition for first time owners

April 24, 2026

Trends in luxury real estate

April 24, 2026

NSSF remittances and the case for Tier II planning

April 24, 2026

Why Employers Should Join the Cytonn Umbrella Retirement Benefits Scheme

April 24, 2026

Strategic deleveraging is the reset CIC Group needed

April 24, 2026

Kenya’s Digital Tax Shift

April 24, 2026

Michael debut signals strong market demand for music biopics despite industry pressures

April 24, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024