The Supreme Court of Kenya, on August 20, 2024, issued a temporary stay on the
Court of Appeal’s ruling that declared the Finance Act 2023 unconstitutional.

This stay is in effect until the Supreme Court gives its final decision expected n
September 2024.

The Supreme Court’s stay effectively means that all provisions under the Finance Act 2023 will remain in force until the Court makes any contrary ruling.

Taxpayers should therefore continue adhering to the provisions of the Finance Act
2023, until further notice.

We will continue to monitor the developments and update you accordingly.