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HomeDaily NewsSaturday, May 2, 2026Finance Bill 2026 Introduces New Monthly Tax for Certain Landlords - May 2026
Breaking News & Top Stories7 stories from 4 sources

Finance Bill 2026 Introduces New Monthly Tax for Certain Landlords - May 2026

The Finance Bill 2026 proposes a new Non-Resident Rental Income Tax targeting foreign landlords earning rent from properties in Kenya. Additionally, the bill introduces changes to tax filing deadlines, aiming to move the submission date for individuals and companies earlier, with the new deadline set to take effect starting January 1, 2027 if approved by Parliament. Separately, the National Treasury is proposing a 50 percent reduction in the fuel levy allocated to the Road Annuity Fund, a move aimed at saving motorists an estimated Ksh75 per tank.

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Saturday 10:24 AMKenyans

Finance Bill 2026 Introduces New Monthly Tax for Certain Landlords

Finance Bill 2026 Introduces New Monthly Tax for Certain Landlords

The Finance Bill 2026 proposes a new Non-Resident Rental Income Tax targeting foreign landlords earning rent from properties in Kenya.

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Key Highlights

The Finance Bill 2026 proposes a new Non-Resident Rental Income Tax targeting foreign landlords earning rent from properties in Kenya.

  • This measure aims to broaden the tax base and improve compliance within the real estate sector.
  • The Kenya Revenue Authority (KRA) will administer and collect this tax.
  • The tax will be treated as a final tax, with a simplified registration system for non-resident landlords, who must remit by the 20th of the month following rent receipt, though exemptions exist if a resident already withholds tax.
Friday 7:13 PMKenyansFirst

KRA to Implement New Tax Filing Deadline in Finance Bill 2026 Changes

KRA to Implement New Tax Filing Deadline in Finance Bill 2026 Changes

Kenya's Finance Bill 2026 proposes a significant change to tax filing deadlines, aiming to move the submission date for individuals and companies earlier. If approved by Parliament, the new deadline will take effect starting January 1, 2027.

Read Story
Friday 7:36 PMCitizen TV (Youtube)

Hazina ya kitaifa yapendekeza bajeti ya shilingi trilioni 4.8 kwa 2026/2027

The National Treasury has proposed a budget of Ksh 4.8 trillion for the fiscal year 2026/2027. This significant financial plan is set to commence in July of this year.

Key Highlights

The National Treasury has proposed a budget of Ksh 4.8 trillion for the fiscal year 2026/2027. This significant financial plan is set to commence in July of this year.

  • Proposed budget: Ksh 4.8 trillion
  • Key institution: National Treasury
  • Key detail: The proposal includes an increased allocation to county governments.
Friday 7:37 PMCitizen TV (Youtube)

Askofu Muheria aikosoa serikali kuhusu utekelezaji wa ahadi

Askofu Muheria aikosoa serikali kuhusu utekelezaji wa ahadi

Askofu Muheria aikosoa serikali kuhusu utekelezaji wa ahadi

Archbishop Anthony Muheria of the Catholic Archdiocese of Nyeri has criticized President William Ruto over unfulfilled promises to the nation.

Key Highlights

Archbishop Anthony Muheria of the Catholic Archdiocese of Nyeri has criticized President William Ruto over unfulfilled promises to the nation.

  • Archbishop Anthony Muheria is leading the criticism.
  • The criticism is directed at President William Ruto and his administration.
  • The core issue is the alleged failure to implement recurring promises made to Kenyans by the Kenyan government.
Friday 8:30 PMNTV Kenya (Youtube)

Atwoli asema changamoto za SHA ni za kiutawala

Atwoli asema changamoto za SHA ni za kiutawala

Atwoli asema changamoto za SHA ni za kiutawala

Francis Atwoli, a prominent Kenyan trade unionist, has stated that the challenges facing the Shilling (SHA) are primarily administrative and governance-related, rather than economic.

Key Highlights

Francis Atwoli, a prominent Kenyan trade unionist, has stated that the challenges facing the Shilling (SHA) are primarily administrative and governance-related, rather than economic.

  • The Shilling (SHA) is experiencing administrative and governance-related challenges.
  • Key figure involved is Francis Atwoli, a prominent trade unionist.
  • The statement indicates that these hurdles are not fundamentally economic in nature.
Friday 10:41 PMKTN News (Youtube)

Mombasa FKF branch receives Ksh 14 million from county gov't to empower local teams

Mombasa FKF branch receives Ksh 14 million from county gov't to empower local teams

Mombasa FKF branch receives Ksh 14 million from county gov't to empower local teams

The Football Kenya Federation (FKF) Mombasa branch has received a significant boost in funding. The Mombasa County Government has allocated Ksh 14 million to support local football teams.

Key Highlights

The Football Kenya Federation (FKF) Mombasa branch has received a significant boost in funding. The Mombasa County Government has allocated Ksh 14 million to support local football teams.

  • Ksh 14 million allocated for local team empowerment.
  • The funds were disbursed by the Mombasa County Government to the FKF Mombasa branch.
  • This initiative aims to enhance the development and sustainability of football at the grassroots level in Mombasa.
Saturday 8:45 AMKenyans

Motorists to Save Ksh80 as Treasury Cuts Levy Ahead of EPRA Review

Motorists to Save Ksh80 as Treasury Cuts Levy Ahead of EPRA Review

The National Treasury is proposing a 50 percent reduction in the fuel levy allocated to the Road Annuity Fund, a move aimed at saving motorists an estimated Ksh75 per tank.

Read Story

Key Highlights

The National Treasury is proposing a 50 percent reduction in the fuel levy allocated to the Road Annuity Fund, a move aimed at saving motorists an estimated Ksh75 per tank.

  • The proposal, detailed in the Road Maintenance Levy Fund (Amendment) Bill, 2026, would halve the portion of the levy directed to the fund, from Ksh3 to Ksh1.50 per litre.
  • This change could save motorists approximately 80 cents for every Ksh100 spent on fuel.
  • The cut comes amid concerns about the existing securitization of a significant portion of the fuel levy, which has already committed Ksh12 per litre to bondholders.
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Key Highlights

Kenya's Finance Bill 2026 proposes a significant change to tax filing deadlines, aiming to move the submission date for individuals and companies earlier. If approved by Parliament, the new deadline will take effect starting January 1, 2027.

  • The tax filing window will be compressed from June 30 to April 30.
  • The proposal comes from Treasury Cabinet Secretary John Mbadi.
  • This change affects the Income Tax Act, Cap. 470, specifically amending Sections 52 and 52B.