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 1st April 2020.