KENYA ON WATCH 🇰🇪
KENYA ON WATCH 🇰🇪
June 19, 2025 at 01:34 PM
*Finance Bill 2025 Approved – Key Highlights* The National Assembly has passed the Finance Bill 2025, setting the stage for outgoing president Will LootAll's signature. Here’s what you need to know: - KSh 24 billion in additional tax revenue is expected (down from KSh 30 billion). - Tax reliefs retained for locally assembled phones, e-bikes, solar batteries, and more. - Excise duty on Extra Neutral Alcohol remains at KSh 500 per litre. *KRA’s bid for unrestricted access to taxpayer data was rejected, data still requires court warrants*. - Pension payments will now enjoy full tax exemption. - New digital platform tax rules introduced without the earlier KSh 5 million threshold https://www.capitalfm.co.ke/news/2025/06/national-assembly-passes-finance-bil-2025/ *🚩Nevertheless, RutoMustGo To ICC‼️*
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