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Banks and fintechs face a new VAT bill as Kenya changes digital payment tax rules

Banks and fintechs in Kenya are preparing to apply a 16% Value Added Tax (VAT) to fees charged for digital payment services, including payment processing, card settlement and payment gateway operations. The change under the Finance Act 2026 alters the tax treatment of services used to move money between customers,…

TechTrendsKEBy By George Kamau
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Banks and fintechs face a new VAT bill as Kenya changes digital payment tax rules
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Original headline: “Banks and fintechs face a new VAT bill as Kenya changes digital payment tax rules”

  • News
  • Central bank of Kenya (CBK)
  • Finance Act 2026
  • Kenya Revenue Authority (KRA)