Tax Alert

Tax Alert Tax Laws (Amendment) Bill 2018

The alert is structured according to the tax heads and sectors affected and provides an insight on how the changes introduced could impact your business.

In this issue:

The Tax Laws (Amendment) Bill, 2018 dated 10th April 2018 was listed for its first reading in Parliament on 17th April 2018. The Tax Laws (Amendment) Bill proposes to introduce some new provisions and amendments on some existing issues in the Income Tax Act (“ITA”), Value Added Tax (VAT) Act and Stamp Duty Act.

Tax Alert -The Special Economic Zones Act.

With the view of establishing Kenya as the pre-eminent business hub in the region, the President on 11th September 2015 assented to the Special Economic Zones Act, 2015 (“SEZA” or “the Act”) which provides for the establishment of special economic zones (SEZs) in Kenya. The Act will come into operation on 15th December, 2015. Licensed entities under the SEZA will be able to benefi t from tax incentives which include income tax exemptions, value added tax exemptions, customs and excise exemptions and work permit quotas amongst others.

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Stephen Okello
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Valentine Maina
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