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Originally published by Capital Businessbusiness
May 14, 2026
2h ago
PwC warns Finance Bill 2026 could make digital payments costlier
the consultancy flagged a proposal to subject merchant service and interchange fees from card payments to withholding tax, saying the move risks raising the cost of cashless transactions for businesses and consumers. Kenya breaking news | Kenya news today |..
✨ Key Highlights
PwC has warned that Kenya's Finance Bill 2026 could significantly increase the cost of digital payments and tighten tax on cross-border technology services.
- A key proposal includes subjecting merchant service and interchange fees from card payments to withholding tax.
- The tax advisory firm PwC highlights concerns about expanding the definition of royalties to include software distribution and payment processing systems.
- Proposed tax changes are set to take effect from July 1, 2026, unless Parliament intervenes.
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