#deemed profit

Tax Alerts

Parliament Drops the Mitumba Tax from Finance Bill 2026. But CS Mbadi Wants It Back.

The National Assembly has removed the proposed 5% deemed profit tax on mitumba imports from the Finance Bill 2026. CS Mbadi confirmed the cu...

Tax Opinion

CS Mbadi Says Gikomba Traders Asked for the Mitumba Tax. Here is What He Actually Said, and What He Left Out.

Treasury CS John Mbadi says the proposed mitumba tax in Finance Bill 2026 originated from a meeting with Gikomba traders who wanted a simple...