OrbitaxOrbitax

Kenya Finance Bill 2024 Includes New Significant Economic Presence Tax and Minimum Top-up Tax

|Proposed Changes|Kenya
Kenya

Kenya's National Assembly has announced that it has commenced consideration of the Finance Bill 2024 on 13 May 2024. The National Assembly has also issued an invitation to submit memoranda (comments) on the bill, which outlines the tax measures. Some of the main measures include the following:

  • Provide that foreign exchange losses realized by persons subject to interest restrictions will be …

Continue Reading