- 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.
Latest Posts in "Kenya"
- KEBS Announces New PVoC Contracts: Import Inspection Changes and SGS Appointed for Key Zones
- Fonoa Recorded Webinar: E-Invoicing in Africa – Nigeria, Zimbabwe, Kenya, Ghana
- Kenya Court Clarifies VAT Liability for Non-Resident Digital Platforms as Deemed Suppliers
- KRA VAT Collections Hit Sh30 Billion Monthly After Mandatory Electronic Invoicing Enforcement
- Kenya Unveils Tax Reforms to Boost Agricultural Exports and Enhance Global Competitiveness
