In July, the IMF approved close to $1 billion in new loans to Kenya, rewarding the government for implementing a host of new taxation measures closely advised by the Fund.
The new tax regime – enshrined in President Ruto’s Finance Act – includes doubling value added tax (VAT) on fuels from 8 to 16 per cent, raising taxes on food, mobile money transfers, digital content creation and salaries, “rationalising” public sector employment, as well as taking a levy from all employees and employers to fund a problematic public-private partnership for “affordable” housing.
Source: www.brettonwoodsproject.org
Latest Posts in "Kenya"
- eTIMS Fuel Station System: Streamlining Tax Compliance and Operations for Kenyan Fuel Retailers
- High Court Rules Digital Platforms Liable for VAT on Full Transaction Value, Not Just Commissions
- Kenya High Court: Digital Platform Operators with Transactional Control Liable for Full VAT
- Top 10 Tax-Exempt, Business-Friendly Special Economic Zones to Set Up in Kenya in 2026
- Briefing document & Podcast: E-Invoicing and E-Reporting in Kenya
