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Treasury plans wealth tax to fix July budget Wednesday March 10 2021 By OTIATO GUGUYU Summary The push to make wealthy individuals pay higher tax rates gained momentum in 2018 but the idea was ultimately dropped. The impact of the Covid-19 pandemic has battered Kenya’s tax revenue collection at a time when more of its debts are falling due and as it is still grappling with gaping fiscal deficits. The Finance Bill, which expresses Treasury’s plan for new taxes, duties and relief for the year, is set to be tabled in Parliament next month. The Treasury is considering imposing higher taxes on Kenya’s super-rich and high-income earners in the new budget starting July as part of a broader strategy to raise revenues that have dropped amid the economic fallout from the Covid-19 pandemic.

United statesUnited kingdomUhuru kenyattaJulius muiaKenya revenue authorityFinance billPrincipal secretary julius muiaBusiness daily tuesdayDraft income tax billPresident uhuru kenyattaKnight frank wealth reportஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்உஹுரு கெநியாடகேந்ய வருவாய் அதிகாரம்நிதி ர சி து