John Mbadi Defends Recent Statements About 2024 Finance Bill: “I'm Not A Fraud”

• Minister of National Treasury (CS) John Mbadi hinted at re-introducing some items in the 2024 Finance Bill which he noted will not oppress taxpayers
• The new minister emphasized that any new tax will have adequate public participation and the changes will be well explained to Kenyans
• He revealed that he told President William Ruto that he will do things differently and that it will not be business as usual

Minister of National Treasury (CS) John Mbadi has defended his statement that some items in the deleted Finance Bill of 2024 were not flawed.

Why did Mbadi defend his statement on the 2024 Finance Bill

Mbadi hinted at reintroducing some of the items in the bill that he noted did not oppress taxpayers, including the extension of the tax exemption program.

Speaking on Citizen TV on Thursday, August 22, Mbadi stressed that any new tax will have adequate public participation.

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“I am not a fraud, and we are not conspiring to bring anything and ambush Kenyans. There is no law that will go from the Treasury to the National Assembly without information being given to the public. We must fully engage with the public,” Mbadi explained.

How Mbadi plans to strengthen revenue collection

The minister vowed to improve the tax policy of Kenya to encourage taxpayers to fulfill their patriotic duty.

He said the abolition of penalties and interests will encourage Kenyans to pay their share of taxes regardless of social status.

Mbadi promised to humanize tax payments, noting that this would improve compliance.

Following the withdrawal of the 2024 Finance Bill, Mbadi said he was against the idea of ​​raising taxes.

The minister explained that he will not give Kenyans additional freedom, stressing that he had spoken to the President William Ruto about his agenda.

He revealed that he told Ruto he would do things differently and that it would not be business as usual.

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What tax changes is Mbadi planning to introduce?

Mbadi earlier announced plans to revive some tax items in the scrapped Finance Bill 2024.

He said that they have started the process of restoring 49 tax changes.

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Source: TUKO.co.ke