Public hearings on two important Bills—the Finance Bill 2025 and the Virtual Asset Service Providers Bill 2025—have officially kicked off.
The hearings, being held at the Edge Convention Centre in South C, Nairobi, are set to run for two weeks and will involve discussions with both stakeholders and members of the public.
The hearings are being led by the National Assembly’s Departmental Committee on Finance and National Planning, chaired by Molo MP Kuria Kimani.
Speaking during the first day of the hearings, Kimani clarified that the Finance Bill 2025 is not about introducing new taxes but about cleaning up Kenya’s tax laws and sealing loopholes.
“It is important to note that this Bill does not intend to introduce new tax-raising measures, but rather to seal tax expenditure loopholes,” said Kimani.
He added that the proposed amendments aim to modernize the tax system and align it with Kenya’s current economic realities and policy goals.
The Committee Chair also encouraged Kenyans to take interest in the Virtual Asset Service Providers Bill 2025, which is being considered alongside the Finance Bill. The proposed law is designed to regulate virtual service providers and tackle risks linked to digital assets and cryptocurrencies.
“I urge Kenyans to go through the Virtual Asset Service Providers Bill, which seeks to create a legal framework to manage virtual asset products and services,” said Kimani.
Members of the public can now access the full text of the Finance Bill 2025 and submit their views online.
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