The Kenya Revenue Authority (KRA) has issued a release clarifying the application of the new 1% minimum tax introduced with effect from 1 January 2021 by the Finance Act 2020 and adjusted by the Tax Laws (Amendment) No. 2 Act 2020. The KRA has also published separate Guidelines on Minimum Tax with further details.

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All You Need to Know About Minimum Tax

The Finance Act 2020 of 30th June…