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Radio Generation Kenya

Finance Bill 2026

National Treasury Cabinet Secretary John Mbadi presenting the 2026 Budget Statement in Parliament on Thursday, June 11, 2026. PHOTO/NATIONAL ASSEMBLY
Business

Treasury tax plan sparks fresh clash over KRA enforcement powers

National Treasury says Finance Bill 2026 will amend the Tax Procedures Act so collection for Commissioner-favourable judgments only stops with a stay order. Business leaders and tax experts warn it may pressure firms during ongoing tax appeals and tribunal processes.

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The Affordable Housing Fund Board Chairperson Jeremiah Simu making the boards submission before the National Assembly Committee on Finance and National Planning during public hearings on the Finance Bill, 2026 in Glee Hotel, Kiambu on 10th June,2026. PHOTO/DAVID BOGONKO NYOKANG’I
Business

Affordable Housing Board tells MPs to tighten crackdown on levy defaulters

Appearing before the National Assembly Committee on Finance and National Planning during public hearings on the Finance Bill, 2026, the Affordable Housing Fund Board defended the controversial housing levy, sought expanded enforcement powers for the Kenya Revenue Authority (KRA), and pushed back against proposed tax changes that it warned could sharply increase the cost of houses.

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KEPSA pushes for PAYE cut to 30% and higher relief in Finance Bill, 2026 proposals
Business

KEPSA pushes for PAYE cut to 30% and higher relief in Finance Bill, 2026 proposals

KEPSA said the Finance Bill comes at a time when Kenya’s fiscal situation remains under pressure, with the National Treasury targeting Sh3.38 trillion in ordinary revenue collection for the 2025/2026 financial year. At the same time, businesses continue to face high production and operational costs.

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Treasury clarifies mitumba, phone and PAYE changes in Finance Bill 2026
Business

Treasury clarifies mitumba, phone and PAYE changes in Finance Bill 2026

Speaking during a press briefing in Nairobi on Monday, the CS said reforms such as a simplified “mitumba” tax regime, reduced phone import taxes, and a shift in filing timelines are aimed at easing business costs, improving efficiency, and boosting revenue collection rather than raising prices, stressing that “there is miscommunication around this.”

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