C
Originally published by Capital News
📰 Read Full Article
top
June 19, 2025
2mo ago

National Assembly passes Finance Bill 2025

National Assembly passes Finance Bill 2025

The bill which is expected to raise Sh24 billion now awaits assent by President William Ruto. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..

✨ Key Highlights

The National Assembly of Kenya has passed the Finance Bill 2025, rejecting proposals for unrestricted access to customer records by the Kenya Revenue Authority (KRA) and various tax adjustments.

  • The bill aims to raise Sh24 billion and awaits assent from President William Ruto.
  • Key amendments included maintaining data privacy rights under Article 31 of the Constitution.
  • Legislators preserved zero-rated status for vital goods like mobile phones and solar batteries while sustaining Sh500 excise duty on Extra Neutral Alcohol.

Continue Reading

Read the complete article from Capital News

📰 Read Full Article