Rehema Kassim (Princess)

A critical thinker and Logician. Says it as it is with no apologies

[Rehema Kassim (Princess) @KassimRehema]

@amerix Alot has gone through us 🤔

[Faith Odhiambo @FaithOdhiambo8]

The Finance Bill, 2026 was published on 30th April and is now before Parliament and every Kenyan deserves to know what is in it.

The government targets Ksh3.63 trillion in revenue for 2026/27 and a wider budget deficit of 5.3% of GDP in the 2026/27 fiscal year (July-June) up from 4.7% in 2025/26. These are not unreasonable fiscal objectives but the manner in which the burden of achieving them is distributed is a cause for serious concern.

On tax filing timelines, the Bill moves the income tax return deadline to April 30th which is two months earlier than the current June 30th and compresses nil return filing to January 31st. This reduces the time available for audit completion, cash flow planning and compliance. For small businesses and individual traders, this is not administrative reform. It is an additional compliance cost they can ill afford.

On mitumba, the Bill inserts a new Section 12H into the Income Tax Act which deems profit at 5% of customs value payable upfront before goods are released by KRA as a final tax. A trader importing a bale worth Ksh1 million pays Ksh50,000 regardless of whether they make a profit or a loss. I cannot in good conscience describe this as equitable.

 The Bill increases residential rental income tax from 7.5% to 10%. Absent a serious enforcement framework, this will drive non-compliance rather than revenue. The government must fix the enforcement gap before it increases the rate. One without the other is burden-shifting.

On digital financial services, the Bill removes existing VAT exemptions on money transfers and payment processing. These are the tools of financial inclusion that millions of Kenyans including the very people this government says it wants to reach rely on daily. Making them more expensive will not serve the objective of a broader tax base.

 By including interchange and merchant service fees within the definition of management or professional fees for withholding tax purposes, the Bill introduces a compliance burden into automated banking processes. That burden will be passed on to businesses and ultimately to consumers.

The amendment to Section 24 of the Income Tax Act empowers KRA to deem at least 60% of a company's undistributed income as dividends for tax purposes. This fails to account for legitimate decisions on reinvestment, working capital and business growth. It is a retrogressive measure that sends the wrong signal to the investors Kenya needs.

A 25% excise duty on telephones for cellular and wireless networks is proposed. A phone is not a luxury. It is how Kenyans bank, communicate, conduct business and access government services. Parliament must interrogate this carefully.

On PAYE, Kenyans were led to expect relief and a restructuring of the tax bands to ease the burden on salaried workers. That proposal does not appear in this Bill. That is not a minor omission. An explanation is owed to every employed Kenyan who was waiting for it.

To be fair, the Bill is not without merit. The reduction of corporate tax for non-resident companies from 37.5% to 30% improves our investment climate. The extension of the tax amnesty to cover liabilities up to 31st December 2025 provides a genuine and welcome pathway to compliance. VAT exemptions on electric buses, bicycles, dialysers, animal feed raw materials and PPP infrastructure are sensible measures. The clarity introduced on trust taxation ensuring beneficiaries are not taxed on income already taxed at the trust level and the recognition of gratuity contributions as exempt income are also steps in the right direction.

Be that as it may, we cannot afford a repeat of June 2024. Parliament must discharge its oversight role with the seriousness this moment demands. They should not merely rubber-stamp what the Treasury has placed before it. Every clause must be scrutinised. Every punitive or ambiguous provision must be rejected or amended.

#FinanceBill2026 #PublicParticipation

[Rehema Kassim (Princess) @KassimRehema]

@jumaf3 Switch to @imbankke . They've got a superior app

[Rehema Kassim (Princess) @KassimRehema]

@UmojaTaifa @LinusKaikai @MigunaMiguna Point of order sir! As "Ovulating women " we distance ourselves from this kind of behaviour....this behaviour resonates with men in midlife crisis!

[Rehema Kassim (Princess) @KassimRehema]

@Mukulaa Captain you've truly mourned this great man. May Allah comfort you

[Rehema Kassim (Princess) @KassimRehema]

@Mukulaa Innalilahi wainailehi rajioon. We're in shock 😲

[Rehema Kassim (Princess) @KassimRehema]

@MissKwegah1 That's why you're referred to as "A Learned Friend" you've got knowledge of everything legal and illegal

[Rehema Kassim (Princess) @KassimRehema]

@MissKwegah1 It's known as "Healing at the crime scene "

[Rehema Kassim (Princess) @KassimRehema]

@DavidOsiany The cookie has crumbled

[Migai Akech @MigaiAkech]

Kenya Kwisha government is moribund. A clueless, corrupt, out of touch govt fighting young citizens for telling them the truth. Intimidating Gen-Z by abducting them is a tired tactic that worked in the Nyayo era when the citizenry was not woke. It does not, will not, work now.

[Rehema Kassim (Princess) @KassimRehema]

@gabrieloguda The Government should have as well sent all of us to Dubai as delegates

[Rehema Kassim (Princess) @KassimRehema]

@kibeandy This guy should be taken to Gaza to chew some bombs! Shaa!!!

[Rehema Kassim (Princess) @KassimRehema]

@EAukot Looks like Men on twirra took over from Kilimani mums on Facebook! Tearing each other apart without chills 😎.....we're here for the tea

[Rehema Kassim (Princess) @KassimRehema]

@Nakhumicha_S Happy "LENTING" madam CS. I remember you're a staunch Catholic from our days at Maryhill high school

[Rehema Kassim (Princess) @KassimRehema]

@Ciku_nancy I threatened to commit suicide...she told my other siblings, "punguzeni mahi ya ugali juu huyu hatakuwa"

[Rehema Kassim (Princess) @KassimRehema]

@MissKwegah1 Get well counsel, we still need you

[Prof H.Kulundu @h_kulundu]

@ekisiangani Omwami this case will be decided on the parameters set by Lord Denning in Morgan vs. Simpson (1975) QB 151 where the process matters most, not the figures!

[Rehema Kassim (Princess) @KassimRehema]

@amerix Ghafla bin vuu! Sembuse......

[Rehema Kassim (Princess) @KassimRehema]

@lindahoguttu Tunakula mkate

[Rehema Kassim (Princess) @KassimRehema]

@RodgersKipembe Wololo yaayee! Ameacha kiuono Kwa polling station. Pole sana Shangazi wa taifa