On 6 May 2020, the finance bill for 2020 was presented to the National Assembly National Assembly for its consideration. The bill includes the following proposals related to corporate income tax;
- Introduction a minimum tax payable at 1% of gross turnover effective from 1 January 2021. The minimum tax will be payable in four installments by the 20th day of the 4th, 6th, 9th and 12th months of the year of income.
- Introduction of digital services tax through a digital marketplace in Kenya at a rate of 1.5% on the gross transactional value.
- The Bill proposes to increase the threshold for income qualifying for residential rental income tax from KES10 million to KES15 million.
