RUTO’S FINANCE ACT SUSPENDED OFFICIALLY

A second order has been issued by the High Court stopping the implementation of the Finance Act 2023.

This follows an application filed by one Peter Agoro, who argues that the Finance Bill 2023 was founded on an illegality and thereby infringes and violates the Constitution.

The order dated June 30, 2023 was given by Justice Mugure Thande.

In the first application, orders were granted by Justice Thande in a case in which Busia Senator Okiya Omtatah challenged the Act on grounds that the Senate was not involved.

The two matters will be mentioned on July 5 for further directions.

Meanwhile, the Energy and Petroleum Regulatory Authority (EPRA) went ahead to announce now petroleum prices on Friday despite the court order stopping the implementation of the Finance Act 2023.

The Act raises VAT on petroleum products from 8% to 16% among a raft of other revenue raising measures through taxes.