Court To Give Directions On Finance Act Today
- Published By Jane Njeri For The Statesman Digital
- 1 year ago
The High Court is today expected to give further directions on the Finance Act, 2023 which President William Ruto signed last month.
This is after the court on Friday suspended the Act following two petitions challenging the law. In the first order issued by Justice Mugure Thande, Busia Senator Okiya Omtatah challenged the Act on the grounds that the Senate was not involved.
The second application was filed by one Peter Agoro, who argues that the Finance Bill 2023 was founded on illegality and thereby infringes and violates the Constitution.
The second order was also given by Justice Thande.
Meanwhile, the Energy and Petroleum Regulatory Authority (EPRA) on Friday went ahead to announce new petroleum prices despite the court order stopping the implementation of the Finance Act 2023.
The Act raises VAT on petroleum products from 8% to 16% among a raft of other revenue-raising measures through taxes.
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