The Kenya Private Sector Alliance (KEPSA), through its Public Finance Sector Board, has held a consultative forum with the Parliamentary Departmental Committee on Finance and National Planning to kick-start discussions on the Finance Bill 2025. This is the first of a series of proactive engagements spearheaded by KEPSA to inform the development of a more pro-Kenyans and business-friendly bill, aligning with both government and private sector priorities.
Some of the regulatory and administrative reform issues presented to the committee include the Inflation Adjustment Formula, Tax Laws Amendment Act, 2024, Withholding Tax, Credit Adjustment Vouchers, Timelines for Objection Review, Alternative Dispute Resolution (ADR), Misalignment of the Value Added Tax (VAT), and the Turnover Tax (TOT) regime.
The Chairman of the National Assembly's Departmental Committee on Finance and National Planning CPA Kuria Kimani, emphasized the mutual benefits of engagement between the committee and the private sector.
He stated that these interactions not only assist the private sector but also provide the committee with valuable insights into pain points, enabling proactive engagement before the Finance Bill 2025 discussions begin.
