Treasury Cabinet Secretary John Mbadi has submitted Kenya’s Finance Bill 2026 to Parliament, introducing mandatory annual reporting requirements for virtual asset service providers alongside the reintroduction of a 20% withholding tax on gambling winnings, closing both lanes of the standard crypto-offshore migration path for affected players in a single piece of legislation.
Key Takeaways:
Treasury CS John Mbadi submitted Finance Bill 2026 to Parliament on April 30, 2026 targeting KSh 120 billion.VASPs to file annual returns to KRA under Tax Procedures Act amendment after section 6B.The bill reintroduces 20% withholding tax on gambling winnings, reversing a previous removal.
