Kenya’s top court on Tuesday temporarily halted a lower court’s decision that deemed the 2023 finance law unconstitutional, stating that it was crucial to maintain budgetary stability until the government’s appeal is considered next month.
The finance bills, introduced to parliament at the beginning of each financial year, are the primary method by which the government outlines its revenue-raising strategies, including proposed tax increases.
The Court of Appeal’s ruling last month that the previous year’s Finance Act was unconstitutional dealt a significant blow to President William Ruto’s administration, which withdrew this year’s finance bill in June amid youth-led protests the most significant challenge of his two-year tenure.
Ruto has been caught between the conflicting demands of Kenya’s struggling citizens and international lenders such as the International Monetary Fund.
He has asserted that raising taxes is essential to fund development projects and service the country’s substantial public debt.
“We determine that the public interest favours granting conservatory and stay orders to … sustain stability in the budget and appropriation process pending the outcome of this appeal,” Kenya’s Supreme Court stated in its ruling.
The Supreme Court will hold hearings on 10 and 11 September to assess whether the 2023 law is constitutional.
The government, which has been relying on the 2023 finance law to continue tax collection after Ruto withdrew this year’s bill, did not immediately respond to the ruling.
The 2023 version faced a legal challenge after a series of violent street protests last year, led by opposition parties.
Ruto’s administration utilised the 2023 law to double the value-added tax on fuel, introduce a housing levy, and increase the top personal income tax rate.
Reuters
Follow us on:
Cocaine, meth, opioids bound for the UK, Italy, Turkey, and Qatar were intercepted by NDLEA…
President Bola Tinubu has conferred the Grand Commander of the Order of the Niger (GCON)…
Angry residents in Ondo have set a car ablaze on Saturday night after fatal accident…
The Federal High Court has ruled that the NBC lacks authority to fine, sanction media…
President Tinubu has welcomed Indian Prime Minister Modi to the Presidential Villa in Abuja for…
Chidimma Adetshina achieves a groundbreaking milestone, becoming the first runner-up at Miss Universe 2024.
View Comments
WE SELL GOODS LIKE :
VEHICLES
BAGS OF RICE
BALES OF CLOTHES
VEGITABLES OIL ETC. ALSO THE REPLACEMENT FROM IS OUT NOW,
THOSE ARE THE VEHICLES LISTED BELOW WITH THEIR PRICE
O8O__6739__9O9O
(N.C.S)
AVAILABLE AUCTION ITEMS HERE ARE…
1. MOTOR CYCLES
2. BAGS OF RICE
3. ELECTRONIC'S ARE LAPTOPS/TV/PHONE'S ETC
4. BALE OF CLOTHES
5.TRUCKS/VEHICLES.
6Bags of cement #3,500
These Vehicles Are Impounded Due To Smuggling And Improper registration.
*These Vehicles Are Direct Belgium Has Never Been Used In Nigeria.
BELOW ARE SOME OF THE VEHICLES AVAILABLE INCLUDE.
GOLF 3 & 4 N450,000_#550,000
TOYOTA CAMRY 2.2 ₦500,000
TOYOTA CAMRY 2.4 ₦850,000
TOYOTA YARIS ₦900,000
TOYOTA MATRIX ₦900,000
TOYOTA RAV4 ₦950,000
TOYOTA VENZA ₦1.8Million
MANY MORE AVAILABLE MODELS
#HONDA
HONDA ACCORD ₦800,000
HONDA EOD ₦850,000
HONDA ODYSSEY ₦800,000
MANY MORE AVAILABLE MODELS
#LEXUS
LEXUS RX300- RX330 - RX350 - RX400 - RX450 ₦950,000---1,800,000 to 3m
LEXUS LX450 - LX470 -LX570 ₦2.300,000 to 3.8m
LEXUS GX460 - GX470 ₦3.500,000
LEXUS RC300 - RC350 ₦1.800,000 to 3m
BAGS OF RICE AND GALLONS OF OIL AT AFFORDABLE PRICES.
➡PER GALLONS OF OIL =14,500
??👇
#RICE
▪PER BAGS OF RICE ARE:-
➡RISING SUN= N18,500
➡SECIALAFRICA N18,500
➡MAMA AFRICA= 19,500
➡TOMATO RICE= N18,000
CALL OFFICER Omar HOTLINE'S ON
(O8O__6739__9O9O
NOTE: All VEHICLES ENGINES ARE IN GOOD CONDITION
Bags of cement #3,500
Delivery cost is #1,000