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June 18, 2026
4h ago

Heated debate as MPs pass Finance Bill 2026

Heated debate as MPs pass Finance Bill 2026

40 legislators voted against the bill. No legislator abstained...

✨ Key Highlights

The National Assembly has passed the Finance Bill 2026 after a heated debate and electronic vote. The Bill, with several amendments, now awaits President William Ruto's assent to become law.

  • The Bill was approved by 122 Members of Parliament, with 40 voting against it.
  • Key amendments include revisions to Pay As You Earn (PAYE) tax bands, with annual earnings exceeding Sh9.6 million facing a 30 per cent marginal tax rate.
  • The legislation aims to broaden the tax base, strengthen compliance, and enhance domestic revenue collection for the 2026/27 financial year.

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