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Originally published by Nation News
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June 23, 2026
1d ago

Ruto debunks Finance Act myths to pacify Kenyans

Ruto debunks Finance Act myths to pacify Kenyans

This was the first time the Head of State has signed the crucial tax law before June 25...

✨ Key Highlights

President William Ruto has signed the Finance Bill 2026 into law, seeking to quell public anxieties ahead of anticipated protests by debunking myths surrounding the new tax measures. The President aimed to reassure Kenyans that the law will not introduce taxes on items like freehold land, second-hand clothing, or mobile money transactions.

  • President William Ruto addressed public concerns about the Finance Bill 2026 as it was signed into law.
  • Key assurances were made regarding taxes on freehold land, second-hand clothing (mitumba), bottled water, mobile money, phones, and rental income.
  • The budget includes increased duty on imported sugar, expanded mortgage benefits to microfinance institutions, and an increased duty-free allowance for returning diaspora members to Sh260,000.

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