Browsing: Tax in Kenya

Eight business associations representing the business community in Kenya have come together to call for the abolishment of the 1% minimum tax introduced by the government. 

The new bill expected to take effect on 1st January next year was introduced through the Finance Bill, 2020 (the Bill). 

The bill was tabled in the National Assembly for debate and approval on 6 May 2020. This was a departure from previous years where finance bills would be introduced to the National Assembly after the reading of the national budget in June. This change was necessitated by recent constitutional interpretations issued by the court which barred the government from collecting taxes before the relevant tax provisions are approved by the National Assembly, and a subsequent amendment to the Public Finance Management Act, 2012 which required that the Finance Act be enacted by 30 June. 

Also Read: