The International Monetary Fund (IMF) has backed the government’s proposed tax changes in the 2024 Finance Bill despite a public outcry, citing a need to reverse a growing shortfall in the government’s revenue collection.
This backing by one of Kenya’s most influential financiers is likely to strengthen the government’s resolve to push through the Bill that it hopes will generate an additional Sh496 billion in taxes in the 2024/2025 fiscal year.
