The National Treasury has announced plans to begin discussions on tax changes, with Kenyans expected to participate ahead of next month's Mashujaa Day celebrations.

🇰🇪 Breaking It Down

Treasury Principal Secretary Bonface Makokha said on Thursday, September 24, that tax reforms will be among several key issues discussed during the finance and economic week, which runs from October 12 to October 18.

Makokha said the seven-day programme will run alongside the Mashujaa Day celebrations, giving Kenyans a platform to engage in discussions on the country’s economic transformation.

Beyond tax reforms, the talks will include revenue mobilisation, public finance and debt management, savings and investment, private capital mobilisation, pensions and financial inclusion.

📌 What You Need to Know

“We reviewed the programme, which will provide a platform for Kenyans to engage on the country's economic transformation journey under the Bottom-Up Economic Transformation Agenda,” Makokha said in a statement seen by Kenyans.co.ke .

"We are working closely with the Ministry of Interior, the host county government and other stakeholders to deliver a successful celebration that honours our heroes while showcasing Kenya's economic progress," he added.

The PS spoke moments after attending a senior management preparatory meeting at the Treasury Building to review plans for the annual celebrations and the thematic week.

The latest update comes amid anticipated Pay As You Earn (PAYE) reforms, with the Treasury recently announcing it expects to consider the proposal beginning in October this year.

Speaking on September 15, Treasury Cabinet Secretary John Mbadi said public participation on the Bill seeking to review PAYE bands would begin in the first week of October before it is submitted to Parliament.

"I will do the public participation first. Kenya has become what it is because of the Constitution. If I bring them without public participation, someone might go to court to stop it,” Mbadi stated.

📰 Source: Kenyans.co.ke