President William Ruto signing an MoU in Cairo Egypt on Wednesday, January 29, 2025.
PCS
The Draft Finance Bill 2025 was approved by the Cabinet this week and was subsequently presented to the National Assembly on Wednesday, April 30.
The document outlines proposed amendments to different taxation laws in Kenya, including the Value Added Tax Act, the Excise Duty Act and the Income Tax Act.
The Bill further contains proposals to amend the Miscellaneous Fees and Levies Act, highlighting import declaration fees and railway development levies for specific goods.
According to the cabinet, the current bill seeks to seal loopholes related to tax expenditures that have historically been exploited to siphon funds from public coffers.
Here is the Finance Bill 2025 in full:
