President Uhuru Kenyatta has signed into law the Finance Bill 2018 giving effect to new tax proposals.
“I give my commitment that I will ensure proper utilization of public resources for a better Kenya. I will not relent on the war against Corruption,” he said.
The Finance Bill 2018 was passed by parliament on Thursday.
“A delay in implementation of the tax would compromise our ability to deliver services to Kenyans and derail the trajectory of our future,” Kenyatta said when he explained why he proposed a 50 percent reduction on tax on petroleum products.