Finance Bill 2023: Wins and losses for ordinary taxpayers

Times Tower in Nairobi, the Kenya Revenue Authority headquarters. FILE PHOTO | DENNIS ONSONGO | NMG

The Finance Bill 2023 was finally tabled before the National Assembly last week. The Bill comes after a lot of speculation by taxpayers, lobbying by business associations, and speeches or promises from government officials.

Changes that taxpayers were expecting in the Bill include the exemption of liquefied petroleum gas (LPG) from value-added tax (VAT) and levies and fast-tracking of the tax refund process.

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Note: The results are not exact but very close to the actual.