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Tuesday, April 29, 2025

Big Relief for Employees as Ruto’s Cabinet Approves Finance Bill 2025

NEWS IN: Big Relief for Employees as Ruto’s Cabinet Approves Finance Bill 2025

News Hub Creator55min

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Employees and pensioners across the country can now breathe a sigh of relie after the Cabinet approved the much-anticipated Finance Bill 2025.

The new law is designed to streamline how the government handles taxes, without introducing any new levies that would increase the financial burden on citizens.

One of the major highlights is that pensions and retirement gratuities will remain tax-free, welcome news for retired workers and their families who had feared possible changes.

The Cabinet’s decision comes after widespread public concern over whether new taxes would be introduced.

Instead of raising taxes, the bill focuses on fixing gaps in the tax system. In the past, some people and companies took advantage of weak spots in tax refund procedures to claim large sums dishonestly.

The new measures aim to stop such practices, ensuring that public money is better protected and properly used.

The Finance Bill 2025 also promises a more efficient tax administration system. It introduces updated rules meant to make revenue collection smoother and reduce conflicts between taxpayers and the tax authorities.

Another positive change is the reduction in government spending. By tightening its own belt, the government aims to manage the national budget more responsibly.

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Overall, the bill is being seen as a fair and balanced step forward—one that supports accountability, protects workers, and avoids adding new financial pressures during tough economic times.

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