Kenya ratifies DTA with Netherlands
On 18 August 2017, according to published Legal Notice 169 of 2017 in the Official Gazette of Kenya, which ratifies the pending Double Taxation Agreement (DTA) with the Netherlands for the avoidance of double taxation and the prevention of fiscal
See MoreKenya approves Finance Act 2017
The Finance Act 2017, has been gazetted on 23rd June 2017. The Finance Act seeks to amend the law relating to various taxes and duties. Corporate tax related reforms: New motor vehicle assemblers in Kenya will now enjoy a decreased corporate
See MoreKenya: Finance Bill for 2017
The Cabinet Secretary (CS) has submitted the national budget to the National Treasury on 30 March 2017. The Finance Bill 2017 has been published thereafter and pending tabling before the National Assembly for debate and approval. Some changes
See MoreDTA between Kenya and Korea (Rep.) enters into force
The Double Taxation Agreement (DTA) between Kenya and Korea (Rep.) was entered into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on 3 April 2017. This treaty will apply from 1
See MoreKenya presents budget for 2017-18
The Cabinet Secretary submitted the budget for 2017-18 to the National Assembly on 30 March 2017. the main changes are summarised below: Withholding taxes Dividends paid to non-residents by enterprises operating in Special Economic Zones will be
See MoreKenya: Government has banned the exportation of maize
The Kenya Revenue Authority has been issued a public notice on 26 January 2017 to inform all exporters, customs agents and the general public that the government prohibited the exportation of maize until further
See MoreKenya presents budget for 2016-17
The Cabinet Secretary presented the budget for 2016-17 to the National Assembly on 8 June 2016. Some of the proposed measures as regards direct taxation are given below: Corporate taxation: Corporate tax rate decrease from 30% to 20% for developers
See MoreKenya submits Memorandum of Economic and Financial Policies to the IMF
A Memorandum of Economic and Financial Policies prepared by Kenya on 31 August 2015 in connection with a request for financial support from the IMF was published on the IMF website on 22 October 2015. The Memorandum notes that the Kenyan economy
See MoreKenya: Budget for 2015-16
The Finance Bill for 2015-16 was passed as the Finance Act on 15 September 2015 in Kenya. The following changes were made to the main Budget measures prior to enactment: The corporate tax rate for a special economic zone enterprise, developer or
See MoreKenya: Finance Bill for 2015
The Finance Bill 2015 was presented to the National Assembly on 11 June 2015. The Bill contains far reaching improvements to different laws and regulations as well as introducing new tax laws. Corporate taxation The corporate tax rate for a
See MoreKenya ratifies the Double Tax Treaty with South Africa
The Income Tax Treaty between Kenya and South Africa has been ratified on the basis of Legal Notice No. 141 in the Kenyan Official Gazette on 10 October
See MoreKenya–Qatar: Approved income tax treaty
The income tax treaty between Kenya and Qatar signed on 23 April 2014, which has been approved by the Cabinet of Qatar on 16 July
See MoreKenya-Seychelles signed the tax treaty
Kenya and Seychelles signed a double taxation agreement on 17 March 2014 which has been approved by the Cabinet of Kenya on 10 July
See MoreSouth Korea-Signed DTA with Kenya
South Korea and Kenya signed an agreement for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income on 8 July 2014. The agreement includes provisions for the exchange of tax
See MoreMauritius – Details of the Income Tax Treaty with Kenya
The Income Tax Treaty between Kenya and Mauritius was signed on 7 May 2012. Details of the treaty have become available now. The treaty generally follows the UN Model Tax Convention. However, some deviations from the UN model exist which are as
See MoreKenya: Presented Budget for 2014-2015
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
See MoreKenya and Ethiopia negotiating a DTA
Kenya and Ethiopia are negotiating a double taxation agreement (DTA), according to a statement posted on March 11, 2014, on the Kenyan President's website. No further details are currently
See MoreKenya Issues TCC Application Guidelines
The Kenya Revenue Authority (KRA) has issued guidelines for those businesses applying for a Tax Compliance Certificate (TCC). This certificate is mandatory for businesses wishing to conduct transactions with government agencies and public bodies. A
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