Government starts the fiscal year 2026/27 as KRA outlines new tax measures

Kenya has entered a new financial year, setting in motion the implementation of the 2026/27 national budget as the government begins executing a spending plan expected to shape economic activity and revenue collection over the next 12 months. The new fiscal year, which officially commenced today, comes just hours after millions of taxpayers raced to beat the June 30 deadline for filing annual income tax returns with the Kenya Revenue Authority marking the transition from one tax cycle to another.

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