Economic pressure on Kenya’s National Treasury has seen the rise of two significant legislative proposals: the Tax Laws (Amendment) Bill, 2024, and the Tax Procedures (Amendment) (No 2) Bill, 2024.
In simple terms, these Bills seek to address Kenya’s fiscal deficit by broadening the tax base, improving compliance, and aligning with international tax standards. While these proposals reflect the evolving economic and governance landscape, they also raise questions about their potential to create sustainable revenue streams.
