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.
Related Posts
Kenya's National Assembly has started the consideration of the Finance Bill 2024. This announcement was made on Monday, 13 May, 2024. The National Assembly also announced an invitation to submit memoranda (comments) on the bill, which detailed
Read More On 8 April 2024, the National Treasury of Kenya published a public notice seeking comments on a proposed agreement for income tax between Kenya and Belarus from the public. The national treasury of Kenya organised the process on behalf of the
Read More
On 9 April 2024, the Kenya Revenue Authority (KRA) released a notice concerning the market interest rate for fringe benefit taxation and the deemed interest rate for specific loans from non-residents for the months of April 2024, May 2024, and June
Read More
On 27 February 2024, the Kenya Revenue Authority (KRA) published a release notifying taxpayers of its tax amnesty program offering over Kshs 200 billion in waiver of penalties and interest. Additionally, the KRA released new Tax Amnesty FAQs. The
Read More On 17 January 2024 the IMF issued a report following consultations with Kenya under Article IV of the IMF’s articles of agreement, the Sixth Reviews of the extended arrangements under the EFF and ECF Arrangements, and First Review Under the
Read More On 22 January 2024, the Kenya Revenue Authority released a notice related to the market interest rate for fringe benefit tax purposes and the deemed interest rate for non-resident loans for January, February, and March 2024. The market interest
Read More
