C
Originally published by Capital News
📰 Read Full Article
top
May 11, 2026
6h ago

Public views sought on Finance Bill 2026 that Targets Mitumba, Phones in New Tax Plan

Public views sought on Finance Bill 2026 that Targets Mitumba, Phones in New Tax Plan

Under the proposal, five per cent of the customs value of imported mitumba goods would automatically be treated as taxable income. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..

✨ Key Highlights

The Kenyan Parliament has opened the Finance Bill 2026 for public participation, inviting feedback on proposed tax changes affecting mobile phones, mitumba imports, digital platforms, and cryptocurrency.

  • Proposed tax changes include a 5% tax on imported second-hand clothes (mitumba) and a 25% excise duty on mobile phones.
  • The public and stakeholders can submit written memoranda to the Departmental Committee on Finance and National Planning until May 25.
  • This public participation occurs amidst memories of the controversial Finance Bill 2024, which led to nationwide protests.

Continue Reading

Read the complete article from Capital News

📰 Read Full Article
Advertisement
Advertisement