Parliament invites public views on Finance Bill 2026 tax changes
The proposals include a 25 percent excise duty on mobile phones, new taxes on digital financial services, and removal of a withholding tax exemption for Kenya Airways on payments to foreign aviation service providers. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The National Assembly has initiated public consultation on the Finance Bill 2026, which proposes significant tax changes across various sectors.
- The bill aims to generate an additional Sh120 billion in revenue through tax reforms.
- Key legislative bodies involved include the National Assembly's Departmental Committee on Finance and National Planning and the Treasury.
- Proposed changes include a 25 percent excise duty on mobile phones and new taxes on digital financial services, potentially impacting the cost of living and business operations.
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Kenya and France have signed 11 agreements to boost cooperation in key sectors including transport, energy, and the digital economy. The deals were finalized at State House Nairobi following discussions between President William Ruto and President Emmanuel Macron. Nigerian billionaire Aliko Dangote is considering a shift for his proposed multi-billion dollar oil refinery project, potentially moving it from Tanzania to Mombasa, Kenya. The National Assembly has initiated public consultation on the Finance Bill 2026, which proposes significant tax changes across various sectors.
