Speech reflects Ruto’s tax proposals ahead of Finance Bill 2023

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Applying tax laws retrospectively is akin to time travel.  PHOTO | SHUTTERSTOCK

In late March, President William Ruto made some key tax pronouncements in his speech at the American Chamber of Commerce (AmCham) Business Summit.

Most elements of the speech are expected to feature in the Finance Bill 2023 as part of tax reforms.

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