Kenya announced its budget for the year of 2014-15 on 12 June 2014. The budget has emphasized on several tax proposals:
Propose tax rates for resident companies at 30% (previously it was 10%) and for non-resident companies at 37.5% (previously it was 20%)for non-resident companies in oil and mineral prospecting companies, proposed to increase the rate of customs duty at 25% on importation of steel and iron.
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