value added tax - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Finance Act 2026 exempts SACCOs, banks from VAT on repossessed collateral sales

Sacco ReviewJune 27, 202604 mins

Savings and Credit Cooperative Organizations (SACCOs), banks, and other financial institutions will no longer pay Value Added Tax (VAT) on the sale or disposal of repossessed collateral, following amendments introduced in the Finance Act 2026, which was signed into law by President William Ruto on June 23, 2026. This amendment marks a significant shift in…

KRA defends proposal to expand VAT coverage as beneficial to small businesses

Sacco ReviewMarch 29, 2026March 29, 202606 mins

The Kenya Revenue Authority (KRA) has defended its proposal to expand value-added tax (VAT) coverage, insisting that the reform will not harm small businesses but instead ease the burden on a few compliant firms while boosting domestic revenue. The plan, which seeks to raise VAT’s contribution to gross domestic product (GDP) by two percentage points,…

Bread, M-Pesa hit in new KSh323 billion government tax plan

Sacco ReviewMay 13, 202402 mins

The National Treasury plans to introduce VAT on bread and increase excise taxes on M-Pesa, bank transfers and airtime as it seeks to collect an additional KSh323 billion in taxes in the next financial year. According to newly published Finance Bill Kenyans will pay 16 per cent value added tax (VAT) on bread at least…