Monday, June 17, 2024

High Court upholds suspension of Finance Act 2023

The High Court has on Monday upheld the suspension of the Finance Act 2023 amid application by the state to vacate the orders.

Issuing the verdict was Justice Mugure Thande who noted that the state had failed to issue sufficient reason to warrant her to lift the order.

The orders now means that the Finance Act 2023 will remain pending until when the case before the court is heard and determined.

At the same time, Justice Thande has forwarded the file to Chief Justice Martha Koome who will institute a three judge bench to hear and determine the case.

The news comes at a time when the government has informed the court that suspension of the act is hurting the economy and government at large as they cannot meet their financial obligations.

The opposition has however dismissed the statement saying that the government is still implementing the Finance Act 2022 where all incomes are being received as before.

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