The High Court has issued a second order to halt the implementation of the Finance Act 2023. The order was granted in response to an application filed by Peter Agoro, who argues that the Finance Bill 2023 is based on an illegal foundation and therefore violates the Constitution.
This comes after the first application by Busia Senator Okiya Omtatah, in which orders were granted on the grounds that the Act was passed without the involvement of the Senate. Both cases will be mentioned on July 5 for further directions.
Despite the court order to suspend the implementation of the Finance Act 2023, the Energy and Petroleum Regulatory Authority (EPRA) proceeded to announce new petroleum prices on Friday. The Act includes an increase in VAT on petroleum products from 8% to 16%, along with other measures aimed at generating revenue through taxes.
