As part of the annual budget process, Deloitte has released its annual budget highlights document, summarizing the key tax measures and related aspects including the priorities and reforms proposed for various sectors.
Although the Finance Bill 2022 has not been published at the time of this analysis, this year’s budget appears to have minimal tax changes which should ideally be the norm as it assures some level of stability of the tax policy.
While all reasonable care has been taken in the preparation of these guides, Deloitte and its associates accept no responsibility for any errors contained, whether caused by negligence or otherwise, or for any loss, however caused or sustained by any person that relies on the publications.
Unpacking the 2022/23 Finance Bill
Following the budget reading, the National Treasury issued the Finance Bill, 2022 which sets out the proposed tax measures which will enable the Government raise revenue required to finance the priorities as set out in the Budget speech.
Our experts break down the proposed amendments to the various statutes through the Finance Bill, 2022 and analyse how these impact businesses, taxpayers and the public at large.
To review our budget analysis for the other East African countries, please click on the respective country links below: