Kenya's Treasury Cabinet Secretary John Mbadi has introduced the Finance Bill 2026 to Parliament, aiming to tighten regulations on virtual asset service providers (VASPs) and gambling winnings. The bill mandates annual reporting for VASPs under the Tax Procedures Act and reintroduces a 20% withholding tax on gambling winnings, reversing a previous removal. This legislation seeks to close loopholes in crypto-offshore migration for affected players. The bill, which targets KSh 120 billion, also proposes amendments to facilitate international agreements for automatic exchange of virtual asset tax information, aligning with the OECD's Crypto-Asset Reporting Framework. Additionally, it expands the definition of "amount deposited" for excise purposes in gambling and increases mobile phone excise duty from 10% to 25%. The Kenya Revenue Authority aims to collect KSh 2.985 trillion in tax revenue for the fiscal year starting July 2026, with the bill's provisions expected to take effect on July 1, 2026.