Finance Act 2026 and a tale of two tax decisions
The Finance Act 2026 in Kenya has introduced new tax measures that effectively override a recent Supreme Court ruling regarding withholding tax on card transactions. The legislation mandates taxes on interchange fees and payments to international card companies, reversing the court's decision that these were not subject to withholding tax.
Why it matters
This demonstrates the legislative branch's power to reshape tax policy and resolve long-standing legal disputes between the state and the banking sector.
The Finance Act, 2026 has introduced two significant tax changes that directly overturn recent court decisions in Kenya.
The article provides a neutral overview of the legislative change and its impact on previous court rulings.
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