- Kenya’s National Treasury released the 2025-26 Budget Statement on 12 June 2025
- Key tax measures align with the 2025 Finance Bill proposals
- Proposed changes to the VAT Act include clarifying the definition of a Tax Invoice
- Invoices will be mandatory for all supplies
- The bad debt refund period will be reduced from three to two years
- Taxpayers can receive refunds or offsets against future VAT liabilities
- The budget addresses VAT recovery for misuse of exempted or zero-rated goods
- Certain zero-rated items will shift to exempt status to prevent revenue loss
- These measures will take effect from 1 July 2025 after approval
Source: regfollower.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.
