Treasury Cabinet Secretary John Mbadi has allayed fears over increased taxation following reports that emerged on Monday, April 7.
Speaking at a meeting with senior government officials, Mbadi clarified that the tax bill was yet to be published and submitted to the National Assembly.
He revealed that the Treasury was still receiving various proposals from government institutions and other stakeholders.
Therefore, he called on Kenyans to ignore the reports which had claimed that some taxes like VAT would go up in the new bill.
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"We have not come up with a Finance Bill. There is nothing like taxing Kenyans more. Please don't generate emotions for nothing," he clarified.
On the other hand, he announced that the Treasury would have an explainer for each tax proposal once the Bill has been finalized.
"We will publish the Finance Bill, and we will put an explainer again the way we did in December with the tax laws. If there is any proposal by the National Treasury we will put an explainer in the newspapers so that Kenyans can accept," he stated.
The Finance Bill 2025 is expected to be tabled in the National Assembly in the coming months ahead of the 2025/2026 Financial Year.
The Bill is expected to propose various tax measures that will be used to fund the upcoming budget. Notably, the Finance Bills that have been drafted by the Kenya Kwanza administration have attracted opposition, given that Kenyans are already feeling the heat from the current taxes.
Some of the proposals that have been introduced in the last two years include the Housing Levy.
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