15 results found

Following an amendment in the 2014 Finance Act, Kenya reinstated capital gains tax (CGT) with effect from 1 January 2015.

Kenya's real estate sector operates under an elaborate tax framework that spans acquisition, ownership, and disposal of property. From stamp duty on purchases to capital gains tax on sales, understanding these obligations is essential for both local and foreign investors navigating the market. The absence of inflation adjustments in capital gains calculations and valuation disputes with tax authorities present ongoing challenges for property holders.

The Finance Bill, 2022 was published and gazetted on 8 April 2022. The Bill proposes to make amendments to a raft of tax-related laws in Kenya, including the Income Tax Act (Chapter 470, Laws of Kenya)...

The implementation of Minimum Tax has been suspended, pending the hearing and determination of various petitions filed before the High Court.

Innovation plays an important role in the growth of a business and is increasingly becoming a strategic pillar for any organisation that wants to be successful in today's global economy.

In this article, Daniel Ngumy, Kenneth Njuguna and James Karanja of ALN Kenya talk to Bloomberg Tax as they analyse tax measures in the recent Kenya Finance Bill...

In June 2024, Kenya found itself in a fiscal crisis of confidence. For the first time in recent memory, the President declined to assent to the Finance Bill — not with minor reservations, but with a sweeping rejection of all clauses.

The repeal of the compensating tax provision was therefore a welcome move.

This article will explore the key fiscal incentives the Kenyan government provides and discuss why foreign investors should consider Kenya a prime investment destination. Also, highlight the legal framework.

The Finance Act, 2022 ( the "Act") was assented into law on 21st June 2022. The Act introduces material changes to the tax regime in Kenya and is largely aimed at enhancing revenue collection, promoting investments and ...

Kenya's legal and regulatory landscape is undergoing significant transformation across multiple sectors, from the introduction of Africa's first dedicated technopolis legislation to the establishment of comprehensive cryptocurrency licensing requirements. The country is implementing major reforms in banking capitalisation, ending Kenya Power's retail electricity monopoly, and expanding its tax framework to capture digital financial services and indirect share transfers.

The President assented to the Finance Act 2019 (the Finance Act) on 7 November 2019