Ruto Set to Sign Finance Bill 2026 Into Law

Date:

NAIROBI, Kenya – President William Ruto is expected to assent to the Finance Bill 2026 this afternoon at State House, Nairobi, marking the final step in the enactment of the government’s key revenue-raising legislation for the 2026/27 financial year.

The signing ceremony, scheduled for 3:00 p.m., comes days after the National Assembly passed the Bill following weeks of debate and public scrutiny over a raft of tax proposals contained in the legislation.

Members of Parliament approved the Bill on June 18 through an electronic vote, with 122 lawmakers supporting the legislation and 40 opposing it.

The passage cleared the way for the Bill to be transmitted to the President for assent.

The Finance Bill 2026 introduces amendments to several tax laws, including the Income Tax Act, Value Added Tax Act, Excise Duty Act, Tax Procedures Act, Miscellaneous Fees and Levies Act, and the Stamp Duty Act.

The government says the changes are intended to strengthen revenue collection, broaden the tax base, and support funding for the Sh4.8 trillion national budget.

During parliamentary consideration, lawmakers adopted a number of amendments proposed by the Finance and National Planning Committee, removing or revising some of the more contentious proposals following public submissions and stakeholder consultations.

Once assented to, the Finance Bill 2026 will become law and provide the legal framework for implementing tax measures contained in the 2026/27 budget presented by Treasury Cabinet Secretary John Mbadi.

The signing will add to a series of legislative measures assented to by President Ruto this year as the government seeks to implement its fiscal agenda while balancing revenue mobilization and economic growth.

Joseph Muraya
Joseph Muraya
With over a decade in journalism, Joseph Muraya, founder and CEO of Y News, is a respected Communications Consultant and Journalist, formerly with Capital News Kenya. He aims to revolutionize storytelling in Kenya and Africa.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Trending

More like this
Related

Milk Crisis: Ruto Promises Action

NANDI, Kenya - President William Ruto has promised to...

Homeowner Fined Sh200,000 For CCTV Cameras Facing Neighbour’s Property

NAIROBI, Kenya - A homeowner has been fined Sh200,000...

Murkomen Vows Natembeya Won’t Stop Sh1 Billion Kitale Hospital Project

KAPSABET, Kenya - Interior Cabinet Secretary Kipchumba Murkomen has...

Opposition Leaders Demand IEBC Voter’s Register Before Next Registration Drive

NAIROBI, Kenya- Opposition leaders have asked the Independent Electoral...