Kenya: President announces tax relief measures in response to COVID-19 pandemic

08 April, 2020

On 25 March 2020, the Kenyan president Uhuru Kenyatta outlined tax proposals intended to provide the following tax relief measures regarding the coronavirus (COVID-19) pandemic.

A reduction in corporate tax for companies from 30% to 25%. It is expected that this rate will be effective 1st April 2020 and applicable to any financial year ending after 1 April 2020.
Reduction of the maximum individual tax rate from 30% to 25%
Individuals earning up to KES 24,000 per month relieved from paying tax
Reduction of the turnover tax rate from 3% to 1%
Reduction of the standard VAT rate from 16% to 14% effective from 1^st April 2020.

Africa & Middle East

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