- Kenyan lower house of Parliament accepted Bill No. 47, The Tax Laws (Amendment) Bill, 2024
- Bill includes measures such as replacing 1.5 percent digital service tax with 6 percent significant economic presence tax
- Bill also removes threshold for applying VAT apportionment formula, allowing taxpayers making 90 percent zero-rated supply to claim 100 percent input VAT
Source: news.bloombergtax.com
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"
- Kenya Plans VAT Reform to Ease Flower Exporters’ Cash Flow Challenges
- Kenya Plans VAT Cut on Horticulture Inputs to Boost Flower Exports
- Kenyan Flower Exporters Alarmed by Delayed VAT Refunds
- Kenyan Aviation Industry Warns Finance Bill 2026 Could Hurt Growth
- Finance Bill 2026 Ends VAT Relief on Housing and Tourism
