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Originally published by Nation Newstop
May 26, 2026
12h ago
Ensure new taxes don’t ravage family incomes
Parliament should consider the concerns raised about some provisions in the Finance Bill...
✨ Key Highlights
New taxes proposed in Kenya's Finance Bill, 2026 are facing significant criticism for potentially increasing the cost of living and impacting family incomes.
- Proposed changes could increase the cost of sugar, animal feed, drugs, and locally manufactured electronics like mobile phones and motorcycles by reclassifying essential goods and raw materials from zero-rated to VAT-exempt status.
- Key organizations such as the Law Society of Kenya and the Institute of Certified Accountants of Kenya (ICPAK) have submitted memoranda to the National Assembly, warning of adverse effects.
- Despite these concerns, National Treasury Cabinet Secretary John Mbadi insists the Bill aims to stabilize the economy and ease the cost of living, urging the public to focus on the Bill's content rather than rumors.
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