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𝗨𝗡𝗗𝗘𝗥𝗦𝗧𝗔𝗡𝗗𝗜𝗡𝗚 𝗧𝗛𝗘 𝗗𝗜𝗩𝗜𝗦𝗜𝗢𝗡 𝗢𝗙 𝗥𝗘𝗩𝗘𝗡𝗨𝗘 (𝗔𝗠𝗘𝗡𝗗𝗠𝗘𝗡𝗧) 𝗕𝗜𝗟𝗟, 𝟮𝟬𝟮𝟰

The Division of Revenue (Amendment) Bill, 2024 has been introduced in the National Assembly. 

The Bill seeks to provide for equitable sharing of the 𝗿𝗲𝘃𝗶𝘀𝗲𝗱 𝘀𝗵𝗮𝗿𝗮𝗯𝗹𝗲 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗿𝗮𝗶𝘀𝗲𝗱 𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹𝗹𝘆 𝗯𝘆 𝘁𝗵𝗲 𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗮𝗺𝗼𝗻𝗴 𝘁𝗵𝗲 N𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗰𝗼𝘂𝗻𝘁𝘆 𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁𝘀.

H.E. the President assented to the Division of Revenue Act, 2024 on 10th June, 2024. The Act provides for the division of revenue raised nationally between the national and county governments for Financial Year 2024/25. 

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