Parliament invites submissions on finance bill 2026

Kenya's National Assembly has called for public submissions on the Finance Bill 2026, which proposes new taxes on mobile phones, imported second-hand clothes and digital assets.

The National Assembly published a notice inviting the public and stakeholders to submit memoranda on the bill by May 25 at 5 pm. Submissions can be delivered to the Office of the Clerk at Parliament Buildings in Nairobi or emailed to the provided addresses. The bill, sponsored by Molo MP Kuria Kimani, seeks to amend several tax laws including the Income Tax Act and Excise Duty Act.

Key proposals include a 25 per cent excise duty on mobile phones, a deemed profit tax where 5 per cent of the customs value of imported mitumba goods is treated as taxable income, and new rules for taxing digital platforms and virtual assets. The bill would also shorten the tax filing deadline from June 30 to April 30 and lower the corporate tax rate for non-resident persons from 37.5 per cent to 30 per cent.

The bill was officially published on May 6 and has drawn criticism from the Law Society of Kenya, human rights activists and members of the public over its potential impact on consumers and businesses. The invitation for views follows constitutional requirements for public participation in the legislative process.

Artículos relacionados

Kenyan MPs voting on the Finance Bill 2026 in the National Assembly chamber.
Imagen generada por IA

National Assembly passes Finance Bill 2026

Reportado por IA Imagen generada por IA

The National Assembly has passed the Finance Bill 2026 after a third reading vote, sending it to President William Ruto for assent.

The Kenyan government has proposed new tax measures on second-hand clothing and mobile phones as part of the Finance Bill 2026. Treasury Cabinet Secretary John Mbadi tabled the bill in Parliament at the end of April.

Reportado por IA

As the public comment period for the Finance Bill 2026 neared its end on Monday evening, Kenyan youth turned to social media to analyze proposed taxes.

Treasury Cabinet Secretary John Mbadi has confirmed that the government’s earlier proposal to raise the PAYE tax-free threshold from KSh 24,000 to KSh 30,000 remains under consideration, despite its absence from the draft Finance Bill 2026.

Reportado por IA

The Kenya Revenue Authority (KRA) has begun sending notices to businesses to review their tax records and settle any outstanding dues before April 30, 2026, to avoid penalties and interest. The notices stem from unidentified business transactions in the final tax obligations for the 2025 financial year. KRA stresses accurate reflection of declared income and expenses.

Kiharu MP Ndindi Nyoro has explained why he missed the National Assembly vote on the Finance Bill 2026.

Reportado por IA

President William Ruto has signed three bills into law aimed at easing business costs and attracting investment. The measures target tax changes for companies, special economic zones, and the Konza Technopolis.

 

 

 

Este sitio web utiliza cookies

Utilizamos cookies para análisis con el fin de mejorar nuestro sitio. Lee nuestra política de privacidad para más información.
Rechazar