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Originally published by Capital Newstop
June 23, 2026
4h ago
Ruto operationalises Finance Act 2026, defends tax fairness measures in Sh4.8tn budget
The assent follows the National Assembly’s approval of the Bill during a heated Third Reading on June 18, where 122 MPs voted in support...
✨ Key Highlights
President William Ruto has operationalised the Finance Act 2026, paving the way for the implementation of the Sh4.82 trillion national budget for the 2026/2027 financial year.
- The Finance Act 2026 aims to enhance tax fairness by sealing loopholes and strengthening compliance.
- Key figure: President William Ruto signed the Act into law.
- President Ruto defended the measures against public concerns of tax hikes, specifically denying proposals for taxes on freehold land, mobile money, informal retail, or locally manufactured essential goods.
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