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Originally published by Capital Newstop
June 12, 2025
5mo ago
No New Taxes, Just Reforms As Mbadi Unveils Sh30bn Revenue Plan in 2025 Budget
The Bill also includes sweeping amendments to streamline tax administration and support economic recovery. Among the key proposals is the reduction of the digital asset tax from 3 percent to 1.5 percent, aimed at encouraging broader participation in virtual asset trading, particu..
✨ Key Highlights
The National Treasury Cabinet Secretary John Mbadi has announced that the Finance Bill 2025 will not introduce new taxes, addressing public unrest from previous tax policies.
- The government aims to raise Sh30 billion through reforms and improved compliance rather than new taxes.
- Mbadi highlighted the need for tax rationalization to reduce expenditures, which rose from Sh393.1 billion in 2022 to Sh510.6 billion in 2023.
- Key proposals include reducing the digital asset tax from 3 percent to 1.5 percent and expanding mortgage interest tax relief for home construction.
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2025/26 Budget Overview and Financial Reforms
The 2025/26 budget sees education receiving the largest share while agriculture faces cuts. CS Mbadi reveals a Sh30bn revenue plan with no new taxes but emphasizes financial discipline.
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