Issue 01
If anyone who sends money on M-Pesa, online sellers, social media creators, and households buying bread and gas.,
Excise duty on mobile money transfers rises from 15% to 20%.
Sponsor
Hon. John Mbadi, Cabinet Secretary for the National Treasury
Introduced
29 April 2026
Stage
Public Hearings
Next step
Departmental Committee on Finance & National Planning collecting memoranda until 17 June 2026; coastal public hearings in Mombasa and Kilifi this week.
What actually changes
- Excise duty on mobile money transfers rises from 15% to 20%.
- 5% withholding tax on digital content creators and online sellers.
- Reintroduces 16% VAT on bread inputs and cooking-gas refills.
Who it affects
Anyone who sends money on M-Pesa, online sellers, social media creators, and households buying bread and gas.
Finance Bill, 2026