The National Treasury has finally released the Finance Bill 2025, which proposes a raft of tax measures to be implemented by the government in the 2025/2026 fiscal year.
The bill shared by National Assembly's Finance Committee Chairperson, Kimani Kuria, on Wednesday, April 30, comes as a relief for several sectors of the economy, including the construction sector, as it proposes changes in the Export and Investment Promotion levy.
It introduces a significant reduction of the Export and Investment Promotion levy from 17.5 per cent to 5 per cent for several construction-related products.
The construction-related products include semi-finished goods made of iron or non-alloy steel, including bars and rods of iron or non-alloy steel.
