Kenya's Finance Bill 2025/2026: No New Taxes, But...

Kenya's Finance Bill 2025/2026: A Recalibration of Tax Regimes Kenya is currently debating the Finance Bill 2025/2026, a significant piece of legislation that aims to improve revenue collection without introducing new taxes. Former Secretary-General of the Kenya National Union of Teachers (KNUT), Wilson Sossion, offered insights into the bill's objectives and potential impact. "As a country, we need to bite the bullet and face our issues. If we don’t, it means we are not a serious nation," Sossion stated, emphasizing the importance of decisive action. He explained that the bill's core strategy lies in "recalibrating existing tax regimes to more effectively mobilize and raise revenue." This approach, he argues, should not cause unnecessary public concern. The Finance Bill is currently under discussion and will undergo further scrutiny before becoming law. The government's goal is to streamline revenue generation to fund essential services and development projects. Sossion's comments offer a perspective on the potential for this bill to successfully navigate the complexities of Kenya's economic landscape.