President William Ruto has assented to three key bills passed by the National Assembly, including the Finance Bill 2025, the Supplementary Appropriation Bill 2025, and the Appropriations Bill 2025.
The new laws define the government's revenue-raising measures, including tax policies, and outline how public funds will be spent in the 2025/2026 fiscal year.
MPs quietly approved the 2025 Finance Bill on Thursday last week, with minimal amendments to the original proposals submitted by the National Treasury on May 6.
According to a parliamentary brief, the Finance Bill 2025 amends several tax-related statutes, including the Income Tax Act, the Value Added Tax Act, the Excise Duty Act, the Tax Procedures Act, the Miscellaneous Fees and Levies Act, and the Stamp Duty Act.
