Kenyan families are set to benefit from receiving their deceased loved one’s full pension payment tax-free once the Finance Bill 2026 gets Parliament’s nod. The Bill seeks to amend Clause 20, Paragraph 53 of the First Schedule to the Income Tax Act to, “explicitly exempt these benefits from income tax.” Treasury has confirmed in a
East African countries are now feeling the heat from the global fuel crisis, as neighboring countries are hit by serious fuel shortages. The supply routes to the region are said to have been disrupted by the Middle East conflict, but the crisis will persist more than expected, warned Treasury Cabinet Secretary (CS) John Mbadi, who
National Treasury Cabinet Secretary (CS) John Mbadi has recommended scrapping all phone taxes and instead introducing a 25 percent excise duty tax in comprehensive proposed changes in the Finance Bill 2026. The excess tax on phones, Mbadi said, is currently at 10 percent, but this will be increased as a move to restructure taxes and
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