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  1. A Finance Bill was tabled in Parliament in Nairobi on June 1, 2026.

Kenya Kwanza Administration Announces Key Amendments to Finance Bill 2024

1 report, 1 independent Updated Sep 24
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What happened

Some supportReported by 1 outlet

The Kenya Kwanza administration announced key amendments to the Finance Bill 2024 during a meeting in Nairobi. President William Ruto confirmed that the changes incorporated stakeholder views during public participation. The amendments include the removal of the proposed 16 per cent VAT on bread, financial services, and foreign exchange transactions. Additionally, the 2.5 per cent Motor Vehicle Tax has been removed, and excise duty on vegetable oil has been eliminated.

From president.go.ke

Why it matters

Some supportBrind's analysis of the reports

The government also stated that levies on the Housing Fund and Social Health Insurance will not attract income tax, increasing disposable income for employees. The Eco Levy will only apply to imported finished products that contribute to e-waste, while locally manufactured products are exempt.

A Finance Bill was tabled in Parliament in Nairobi on June 1, 2024.

From president.go.ke

Who's involved

  • Kenya KwanzaThe ruling coalition responsible for the financial policy of the state.
  • KenyaThe country whose tax structure is being amended by the administration.
  • William RutoThe President leading the administration and announcing the policy changes.

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A Finance Bill was tabled in Parliament in Nairobi on June 1, 2026.

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Coverage

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