TIPSLIFEHACKS

The highly anticipated public hearings surrounding the Finance Bill 2025 and the Virtual Asset Service Providers Bill 2025 are continuing across Kenya, giving citizens a crucial opportunity to voice their opinions and concerns. The hearings, which kicked off on Saturday, June 31st, are scheduled to wrap up on Friday, July 6th, providing a vital platform for public engagement in the legislative process.

Led by the National Assembly’s Finance Committee, chaired by Molo MP Kuria Kimani, the hearings have already seen significant participation from various stakeholders, including businesses, civil society organizations, and individual citizens. The committee is actively travelling across the country to ensure widespread accessibility and encourage diverse perspectives.

Hearings Head to Machakos and Kiambu

Tomorrow, July 3rd, the Finance Committee will be focusing its attention on Machakos and Kiambu counties. They will be receiving oral submissions from residents and local organizations, allowing for a direct dialogue about the potential impacts of the Finance Bill. This is a critical stage in the process, as the committee will carefully consider all feedback before finalizing their recommendations.

What's at Stake: The Finance Bill 2025

The Finance Bill 2025 proposes significant changes to Kenya's tax laws and financial policies. These proposals have sparked considerable debate and concern among Kenyans. Key areas of contention include proposed tax increases, adjustments to existing levies, and the potential impact on various sectors of the economy. The public hearings are designed to provide a forum for addressing these concerns and ensuring that the final legislation reflects the needs and aspirations of the Kenyan people.

Virtual Asset Service Providers Bill: Regulating the Digital Frontier

Alongside the Finance Bill, the hearings also cover the Virtual Asset Service Providers Bill 2025. This bill seeks to regulate the rapidly growing digital asset sector in Kenya, including cryptocurrencies and other virtual assets. The aim is to establish a clear legal framework that protects consumers, prevents illicit activities, and fosters innovation within the industry. Public input on this bill is equally crucial, ensuring that the regulations are both effective and supportive of responsible growth.

Why Your Voice Matters

The Finance Committee's commitment to holding public hearings underscores the importance of citizen participation in shaping Kenya's financial future. By attending these hearings and sharing your views, you can help ensure that the Finance Bill and the Virtual Asset Service Providers Bill 2025 are crafted in a way that benefits all Kenyans. Keep an eye on official government channels for updates on hearing schedules and locations.

Stay Informed: For more information on the Finance Bill 2025 and the Virtual Asset Service Providers Bill 2025, visit the National Assembly website or consult with your local representative.