Kenya's Supreme Court has upheld the Finance Act 2023, which includes tax increases such as doubling the value-added tax on fuel to 16% and raising the top salary-tax band from 30% to 35%. These measures are expected to generate around 214 billion shillings ($1.66 billion) for the fiscal year that ended in June, helping the government stabilize the economy.
The court's ruling provides a significant boost to President William Ruto's administration in the face of ongoing financial challenges.