Finance Bill 2014 signed into law

September 15, 2014 6:33 am
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President Kenyatta signs the Finance Bill at State House, Nairobi. Also Present is (from left) National Assembly Clerk Justin Bundi, leader of Majority in the National Assembly Aden Duale and Speaker of the National Assembly  Justin Muturi/PSCU
President Kenyatta signs the Finance Bill at State House, Nairobi. Also Present is (from left) National Assembly Clerk Justin Bundi, leader of Majority in the National Assembly Aden Duale and Speaker of the National Assembly Justin Muturi/PSCU

, NAIROBI, Kenya, Sept 15 – President Uhuru Kenyatta has assented to the Finance Bill 2014 passed by Parliament on August, 28 2014.

President Kenyatta also signed into law The Victim Protection Act of 2014 that gives effect to Article 50(9) of the Constitution.

The two Bills were presented to the President for signature at State House, Nairobi by the Speaker of the National Assembly J.B Muturi and the Clerk of the National Assembly Justin Bundi.

The Finance Act 2014, which amends sections of the law relating to taxes and their applications, covers Income Tax, Value Added Tax, Customs and Excise and Taxation of Extractive Industries.

The Victim Protection Act 2104 caters for protection of victims of crime and abuse of power and provides them with better information and support services.

The Act also provides for reparation and compensation to victims and special protection for vulnerable groups.

The objectives of the Victim Protection Act of 2014 are to recognize the rights of victims of crime, protect their dignity and promote cooperation among all government departments and agencies that work with the victims.

The Act also establishes the Victims Protection Board to advise on inter-agency activities aimed at protecting victims of crime and implementation of programmes that protect and rehabilitate them.

The Board is required by law to submit annual progress reports to the Cabinet Secretary responsible and National Assembly.

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