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pwc warns finance bill 2026 could make digital payments costlier

TAX_FNCACT_COMMISSIONERWB_696_PUBLIC_SECTOR_MANAGEMENTWB_713_PUBLIC_FINANCEWB_720_TAX_AND_REVENUE_POLICY_AND_ADMINISTRATION

Topic context

This topic has been covered 306910 times in the last 30 days across our monitored publishers.

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The full article is on the original publisher site. This page only shows the headline and a very short excerpt.

AI insight

AI-generated

Kenya-specific regulatory change affecting digital payment costs and cross-border tech services. Channel: regulatory (tax) increase on merchant service fees and interchange fees, raising costs for businesses and consumers using digital payments. Also expands tax on digital service royalties, impacting global tech firms operating in Kenya. Sectors: EM_MARKETS (Kenya-specific), EM_TECH (digital services), RETAIL_ECOMMERCE (payment costs).

Signals our AI researcher identified

Extracted by our AI model from this article and related public sources β€” not direct quotes from the publisher.

  • Finance Bill 2026 in Kenya proposes withholding tax on merchant service and interchange fees from card payments.
  • Bill expands definition of royalties to include various digital service payments, increasing tax exposure.
  • Proposal includes 20% withholding tax on betting winnings.
  • Bill set to take effect on July 1, 2026 unless amended by Parliament.
  • PwC warns the Bill could increase cost of digital payments and tax burden on cross-border tech services.
Sector verdictEM_MARKETSDownmagnitude 3/3 Β· confidence 3/5

Over 1-4 weeks, higher compliance costs and reduced digital payment adoption weigh on Kenyan economic activity.

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Sector impact at a glance

  • EM_MARKETSmid
  • EM_TECHmid
  • RETAIL_ECOMMERCEmid
  • RETAIL_ECOMMERCEshort

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Topic context

Government policy coverage encompasses legislation, executive orders and regulatory decisions that shape the economy and public services.

pwc warns finance bill 2026 could make digital payments costlier | capitalfm.co.ke β€” News Analysis