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

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

On 27 February 2024, South Korea’s Ministry of Economy and Finance (MOEF) announced regulations concerning modifications to Pillar Two global minimum tax rules enacted as part of the 2023 tax reform legislation. The rules will take effect on 22

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

South Korea has implemented various tax changes as part of the 2024 tax reform measures passed by the parliament in late 2023. The main tax measures are: The global minimum tax (GloBE) rules have been amended, with the undertaxed payment/profit

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