- President of Kenya declined to sign Finance Bill 2024 approved by parliament
- Bill included proposed rate hikes, particularly in VAT, leading to widespread protests
- Bill sent back to National Assembly for further review
- Finance Bill also included repeal of digital services tax and introduction of “significant economic presence” tax for nonresident individuals earning income from digital marketplace services in Kenya
Source: bdo.global
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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