
The Paragons Of Grit #KJ 👑
June 19, 2025 at 04:24 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
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