The funds raised by the wealth tax, according to Treasury Principal Secretary Julius Muia, will aid in the recovery of the economy.
“We are looking at fiscal changes that will go into the Finance Bill and we are in discussions over the wealth tax among many other fiscal reforms to boost revenue.
“It is too early to comment on how it will shape up as we are still discussing with stakeholders. We have a lot of issues that need to be cleared and procedures we have to follow before we implement it,” Muia said.
