President Ruto plots new car tax, VAT if court cripples Finance Act

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President William Ruto with the IMF Managing Director, Kristalina Georgieva. FILE PHOTO | PCS

President William Ruto’s administration has lined up a new set of taxes, including a road tax, to be introduced in October should the High Court block the Finance Act, of 2023.

In disclosures to the International Monetary Fund (IMF), the Treasury has revealed that it is plotting the fresh taxes, including a motor vehicle circulation tax, excise and value-added tax (VAT) measures, in a contingency plan to fund the Sh3.68 trillion budget should the now suspended tax-raising measures hit a snag in court.

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