President William Ruto's cabinet on Tuesday, April 29, approved the Finance Bill 2025, introducing a raft of measures affecting several sectors of the economy.
The bill focuses primarily on closing loopholes and enhancing efficiency, including addressing loopholes related to tax expenditures that have historically been exploited to siphon funds from public coffers, such as through inflated tax refund claims.
The bill seeks to minimise tax-raising measures and also aims to enhance tax administration efficiency through a new legislative framework.
This is after public concerns over whether or not the government would introduce new taxes.
