In the age of digital transformation, data has become the lifeblood of modern economics. However, the collection, storage, and use of personal data come with inherent risks to individual privacy and data security. To address these concerns, many countries have enacted data protection laws aimed at regulating the processing of personal data.
The Finance Bill, 2023 (the “Bill”) aims at expanding the tax base of the Government of Kenya. The Bill has attracted nationwide interest as the Government seeks to increase taxes collected in view of the prevailing economic circumstances. The Bill is the most comprehensive Finance Bill yet, and proposes a raft of changes, as highlighted below.