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May 5, 2026
2h ago

Pan-African Law Firm Warns Govt on Several Finance Bill 2026 Proposals

Pan-African Law Firm Warns Govt on Several Finance Bill 2026 Proposals

The Bill contains a raft of proposals that seek to introduce new taxes to expand the tax base and increase revenue collection to bridge the budget deficit...

✨ Key Highlights

Pan-African law firm Bowmans is warning Kenya's Treasury about several potentially detrimental provisions in the Finance Bill 2026, citing concerns over business and consumer pressure.

  • Bowmans flags proposals that could lead to double taxation and undermine Kenya's investment attractiveness.
  • Key areas of concern include a reduced tax filing period to April 30, new withholding tax on card transaction fees, and the taxation of fintech services.
  • The firm also opposes a deemed dividend tax on undistributed profits and a higher rental income tax, while welcoming reforms to trust taxation and tax amnesty.

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