Mbadi: Finance Bill 2026 measures aim to simplify taxes
Treasury CS John Mbadi has defended the Finance Bill 2026, saying the government has deliberately avoided introducing punitive taxes and instead focused on simplifying tax administration...
✨ Key Highlights
National Treasury Cabinet Secretary John Mbadi defended the Finance Bill 2026, stating its aim is to simplify taxes and protect Kenyans, not to overburden them.
- The bill seeks to streamline tax administration and widen the tax base, with a focus on simplicity, equity, and fairness.
- A key proposal involves restructuring mobile phone taxes into a single 25 percent excise duty upon activation, reportedly reducing the overall tax burden.
- CS Mbadi emphasized that emerging sectors like virtual assets and foreign digital payment firms must also contribute to the tax system.
Continue Reading
Read the complete article from The Standard
Part of the Day's Coverage
CS Mbadi Urges Leaders to Stop Propaganda Over Finance Bill 2026 - May 2026
National Treasury Cabinet Secretary John Mbadi has urged political leaders to cease spreading misinformation about the Finance Bill 2026/27, defending its measures as aimed at simplifying taxes and protecting Kenyans. Mbadi has rebuffed claims made by Wiper Party leader Kalonzo Musyoka regarding the bill, specifically allegations about an annual rent on freehold land. The National Assembly has vehemently denied reports claiming the Finance Bill 2026 introduces an annual land rent for freehold land. Treasury has also debunked circulating claims about new taxes on cryptocurrency, bread, and mobile money.
