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ARTICLE · 21 SEPTEMBER 2020

The Finance Bill, 2020

Anjarwalla & Khanna
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The Finance Bill, 2020 was published on 5 May 2020 (the Bill) to make amendments to a raft of laws in Kenya, including the Income Tax Act (CAP 470), the Value Added Tax Act, 2013...

KenyaFinance and Banking
Daniel Ngumy
Daniel Ngumy
Kenneth Njuguna
Kenneth Njuguna

The Finance Bill, 2020 was published on 5 May 2020 (the Bill) to make amendments to a raft of laws in Kenya, including the Income Tax Act (CAP 470), the Value Added Tax Act, 2013, the Tax Procedures Act, 2015, the Miscellaneous Fees and Levies Act, 2016 and the Excise Duty Act, 2015 among others.

All the proposed amendments relating to income tax have an effective date of 1 January 2021 while most of the other amendments will come into force on the date of assent, which is expected to be prior to 1 July 2020. The Bill is expected to be passed into law in the course of June and the National Assembly has requested stakeholders and the general public to submit comments on the Bill by 21 May 2020.

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