The Finance Bill 2025 has been formally referred to the Departmental Committee on Finance and National Planning for review, following its classification as a priority Bill by the National Assembly.
This follows a resolution passed on February 13, 2025, allowing the Speaker to forward priority Bills to the relevant committees even during parliamentary recesses, as permitted under Standing Order 127. This order guides the committee referral process and ensures public participation.
The Bill, which seeks to amend various tax-related laws—including those governing income tax, VAT, excise duty, and tax procedures—has completed the preliminary steps for its First Reading.
Speaker Moses Wetang’ula confirmed the referral and said the Majority Leader had requested that the Bill be listed among top priorities for discussion when the House reconvenes on May 27, 2025. The Speaker approved the request and instructed that MPs and the public be made aware of the Committee’s obligation to review the Bill and file a report promptly.
He also directed the Clerk of the National Assembly to notify members and support the Committee in conducting public participation.
Originally published on May 6, 2025, after Cabinet approval, the Bill was officially introduced to Parliament on April 30, 2025. Most provisions are set to take effect on July 1, 2025, except for specific items like Advance Pricing Agreements and penalty waivers, which begin on January 1, 2026.
The referral ensures the Finance Bill will be processed swiftly when Parliament resumes, maintaining continuity in legislative review.
