Wamuzi News Ke
Attorney General Justin Muturi has once again defended President William Ruto’s tax policies, saying the move will help raise the country’s tax-to-GDP ratio.
In a statement, Muturi said that the current tax levels in the country are low compared to the GDP and thus the need to raise it to the level of the economy.
According to Muturi, most Kenyans have misinterpreted and misconstrued President Ruto’s statement on raising the level of taxes in the country.
On May 14, 2024, President Ruto intimated his plan to significantly increase Kenya’s average tax rate.
The proposal aims to raise the current tax rate of 14 per cent to approximately 22 per cent by 2027, noting that the initiative will play a pivotal role in realizing his vision for the country’s economic future.
“My drive is to push Kenya, possibly this year we will be at 16 per cent from 14 per cent.
“I want in my term, God willing, to leave it at between 20 and 22 per cent.
“It’s going to be difficul, I have a lot of explaining to do, people will complain but I know finally they will appreciate that the money we go to borrow from the World Bank is savings from other countries,” President Ruto said while addressing the Harvard Business School’s Class of 2025 students at State House, Nairobi.
