PAKPRO

Eco-Levy

The Impact of the Eco-Levy on Kenyans #FinanceBill2024- Joyce Gachugi-Waweru

Gachugi-Waweru expressed concerns about the lack of a clear framework for how the Eco Levy revenue will be ring-fenced, managed, and disbursed, as well as the high rate of the proposed tax, which she believes could significantly impact the affordability of essential household items for Kenyan consumers.

Joyce Gachugi-Waweru
MEMORANDA ON THE FINANCE BILL, 2024
((NATIONAL ASSEMBLY BILL NO. 30 OF 2024

The fourth schedule of the Finance Bill 20241 on goods subjected for eco levy, proposes to introduce a new levy known as the eco levy which will apply on certain goods manufactured in Kenya or imported into Kenya and will be paid by the manufacturer and the importer respectively.

Joyce Gachugi Waweru- The Kenyan government has proposed a new Eco Levy tax as part of the Finance Bill 2024, which aims to promote responsible waste management and environmental stewardship. However, the proposed tax has faced significant opposition from manufacturers and industry groups in Kenya.

The introduction of an Eco levy in plastic packaging in Kenya is a well-intentioned effort to address environmental concerns. However, the economic ramifications of this policy could be profound.

Joyce Gachugi-Waweru
Maisha Jioni
Thursday, May 30th, 4pm

The Kenyan government has proposed a new Eco Levy tax as part of the Finance Bill 2024, which aims to promote responsible waste management and environmental stewardship. However, the proposed tax has faced significant opposition from manufacturers and industry groups in Kenya.