The bill, approved 122-40, adds a
50% excise duty on high-value vintage cars worth KES 10 million or more and
requires crypto platforms to report users with a 10% fee tax, steps supporters
call equity through taxation.
Critics target a capital gains tax
exemption for property transfers into Real Estate Investment Trusts, labeling
it a loophole that lets rich investors avoid 15% duties while everyday people
bear more costs.
