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President Uhuru Kenyatta signs Finance Bill 2018

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President Uhuru Kenyatta has signed the Finance Bill 2018 into law a day after it was endorsed by MPs in parliament.

The President said he would not relent on the war against corruption and will make sure the money collected is spent well.

“I give my commitment that I will ensure proper utilisation of public resources for a better Kenya,” he said.

Following the signing of the Finance Bill 2018, mobile phone subscribers are set to pay more for airtime and data services as the excise duty on airtime will be increased from 10 per cent to 15 per cent.

The cost of internet is also expected to rise as internet bundles will now be hit with an excise tax of 20 per cent.

Last evening MPs were involved in  dramatic chaos after they failed to agree on the voting results.

National Assembly speaker Justin Muturi was forced to call for a second round of voting which also ended in chaos.

 

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