The Ministry of Finance has announced that the implementation of an increase of the tax free band from K45,000 to K100,000 will wait for the next meeting of Parliament for the lawmakers to deliberate a Tax Amendment Bill.
Minister of Finance Felix Mlusu announced in his provisional budget that the tax free band increase has been made in to improve the welfare of the citizenry.
In an interview Tuesday, Treasury spokesperson Williams Banda said they cannot act outside the law hence the need to legally table the bill and make the provision a law.
“The public may wish to note that Parliament did not have ample time to deliberate the enabling law so any day the parliament meets they will deliberate and pass the law to make it effective,” Banda said.
Parliament spokesperson Ian Mwenye said the lawmakers have allowed government to spend for the next four months in the budget but that the date for the next meeting to deliberate the bill is yet to be set.
Meanwhile, a taxation expert Emmanuel Kaluluma has said that government is following the legal process as implementation without deliberating the bill would be illegal.
“For tax purposes, it has to be a law and a law can only come into effect after it receives comments from Members of Parliament and after those deliberations are assented to by the President. So that is the only time it becomes law and enforceable,” Kaluluma said.
Justin Mkweu is a fast growing reporter who currently works with Times Group on the business desk.
He is however flexible as he also writes about current affairs and national issues.