Finance Bill 2026 Targets High-End Classic Cars With 50% Tax

The Finance Bill 2026 introduces a 50% tax on high-end classic cars, defined as vehicles at least 30 years old and valued at a minimum of Ksh10 million. The government, led by President William Ruto, aims to increase revenue by targeting luxury car owners. If passed, the new tax is expected to take effect in phases starting July 1, 2026.