Hidden knife in the Finance Bill that stabs firms

Kenya Association of Manufacturers  (KAM) COO - Tobias Alando  during the Kenya Association of Manufacturers (KAM) in partnership with International Council of Chemical Associations (ICCA) launch the Responsible Care Kenya Initiative at the Norfolk Hotel on 5th July 2023. [David Gichuru, Standard]

Experts have expressed deep concerns over provisions in the Finance Bill, 2025, that could negatively impact businesses and cash flow in the economy.

Key among these is the reclassification of products from zero-rated to tax-exempt, the increase in excise duty on imported packaging materials from outside the East African Community, the removal of the 15 per cent corporate tax incentive for local assemblers of motor vehicles, and granting Kenya Revenue Authority access to trade secrets and personal data for integration into the electronic tax management system.