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Originally published by Kenyanstop
May 1, 2026
1h ago
Finance Bill 2026 Introduces Four New Taxes in Push to Plug Revenue Leakages
Fruit juices are now set to attract a per-litre excise duty of between Ksh14 and Ksh20, depending on sugar content, while vegetable juices and similar beverages are also on the hook...
✨ Key Highlights
The Kenyan Treasury Cabinet Secretary John Mbadi has submitted the Finance Bill 2026 to Parliament, introducing new taxes on mobile phones, betting, and second-hand clothing.
- Key targets include a 25% excise duty on smartphones and a 20% withholding tax on betting winnings.
- The bill introduces a new tax on the mitumba (second-hand clothing) industry, taxing 5% of the customs value as income.
- Digital payment systems and virtual asset providers also face expanded definitions of royalties, with new environmental taxes proposed for plastic products and adjustments to taxes on alcohol, tobacco, and sugar-sweetened beverages.
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