A legislative proposal in Kenya aimed at regulating cryptocurrency exchanges and enhancing tax compliance.
Kenya’s new tax proposals threaten M-KOPA, Sun King phone assembly plants
The Finance Bill 2026 proposes a 25% excise duty on domestically manufactured smartphones. Locally assembled smartphones will lose their zero-rated VAT status, raising their costs.
Kenya’s Finance Bill 2026 could compel crypto platforms to identify wallet owners
Kenya's Finance Bill 2026 mandates cryptocurrency exchanges to reveal customer identities and transaction histories. The bill introduces Sections 6C and 6D to the Tax Procedures Act, formalizing the crypto economy under tax regulations.
