Finance Bill 2026 Targets Crypto, Digital Platforms in Major Tax Overhaul

The Finance Bill 2026 introduces significant changes targeting Kenya's digital economy, focusing on virtual assets, including cryptocurrencies. Virtual asset service providers will now be required to submit detailed information returns to the Kenya Revenue Authority (KRA). Heavy penalties will be imposed for non-compliance, with fines of up to Ksh100,000 for false statements. The bill will also allow Kenya to enter into international agreements for the automatic exchange of virtual asset information.