President William Ruto has refused to sign the Finance Bill 2024, sending it back to parliament for revision after nationwide protests.

According to State House officials, the Bill will be returned to Parliament before it goes on leave today.

PHOTO | COURTESY President William Ruto

The Head of State has also recommended several revisions to the Bill, which MPs must examine.

Parliament may change the Bill in response to the president's misgivings or pass it a second time without amendments.

Returning to the law, the president will highlight critical sections that must be changed.

If the MPs revise the measure to accommodate the President's misgivings, the speaker will resubmit it to the President for assent.
PHOTO | COURTESY police 


If the House examines the president's complaints, it may approve the bill again without revisions or with amendments that do not entirely address his concerns.

This, however, would have required the support of two-thirds of the members.

With MPs scheduled to leave on break from today until 23 July, if the President returns the paper to Parliament, the speaker may have to recall them.

Some tax measures previously offered in the bill include 16% VAT on bread, an excise charge on vegetable oil, VAT on sugar transportation, a 2.5% Motor Vehicle Tax, and an eco levy on locally created items.