The National Assembly has passed the Finance Bill 2026 after weeks of debate, clearing the way for President William Ruto to sign it into law.
A total of 122 MPs voted in support of the Bill while 40 opposed it, with no abstentions recorded. Initially, the House approved the Bill by acclamation, lakini baadhi ya wabunge walidai division, prompting the Speaker to order an electronic vote as required by parliamentary procedures.
The Finance Bill 2026 proposes amendments to key tax laws including the Income Tax Act, VAT Act, Excise Duty Act, Tax Procedures Act, Stamp Duty Act, and the Miscellaneous Fees and Levies Act. Serikali says the changes are aimed at broadening the tax base, improving tax compliance, and increasing revenue collection for the 2026/2027 financial year.
During the committee stage, lawmakers adopted several amendments following public concerns. Baadhi ya mapendekezo yaliyokuwa yamezua mjadala yaliondolewa ama kurekebishwa, while tax reliefs on selected essential goods were retained to cushion wananchi.
With Parliament's approval now secured, all eyes are on President Ruto, whose assent will officially make the Finance Bill 2026 law.
Source: citizen digital
A total of 122 MPs voted in support of the Bill while 40 opposed it, with no abstentions recorded. Initially, the House approved the Bill by acclamation, lakini baadhi ya wabunge walidai division, prompting the Speaker to order an electronic vote as required by parliamentary procedures.
The Finance Bill 2026 proposes amendments to key tax laws including the Income Tax Act, VAT Act, Excise Duty Act, Tax Procedures Act, Stamp Duty Act, and the Miscellaneous Fees and Levies Act. Serikali says the changes are aimed at broadening the tax base, improving tax compliance, and increasing revenue collection for the 2026/2027 financial year.
During the committee stage, lawmakers adopted several amendments following public concerns. Baadhi ya mapendekezo yaliyokuwa yamezua mjadala yaliondolewa ama kurekebishwa, while tax reliefs on selected essential goods were retained to cushion wananchi.
With Parliament's approval now secured, all eyes are on President Ruto, whose assent will officially make the Finance Bill 2026 law.
Source: citizen digital