The Corporate Tax Rate in Kenya stands at 30 percent. This page provides - Kenya Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Kenya’s new digital service tax (DST) comes into force from 1 January 2021. TheIncome Tax (Digital Service Tax) Regulations 2020were officially gazetted on 11 December 2020 at the same time as the country’s Value Added Tax (VAT) rate was officially increased from 14% to 16%. As a re...
a. The Bill proposes to repeal the preferential corporate income tax rate of 15% for companies that have constructed at least 100 residential units annually subject to approval by the Cabinet Secretary responsible for housing. b. The Bill seeks to increase the tax rate on income of a nonre...
Rufas Kamau, a Kenyan research and markets analyst, tweeted on May 4 that the 3% tax wa“a joke” and sarcastically asked if it applies to “supermarket and credit card loyalty points.” The tax rate is 3% on every transaction. What a joke! — Rufas Kamau ⚡ (@RufasKe)May 4, 2023...
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“The Third Schedule to the Income Tax Act is amended… by deleting the expression ‘one-point-five percent’ appearing in paragraph 12 (digital service tax rate) and substituting therefor the expression ‘three percent’,” Treasury Cabinet secretary Ukur Yatani wrote in the Finance Bill 2022....
The Act provides a formula for computing this tax based on the branch’s net assets and profitability. Additionally, the Act reduces the corporate income tax rate for branches to 30% (from 37.5%) beginning with the 2024 year of income. Kenya appears to be adopting an approach that is ...
Kenya’s unemployment rate will worsen in 2024 compared to last year, an assessment by the World Bank has shown, reflecting a tough economic environment that has been characterised by a slowdown in business activity and hiring freezes. In a new report, the World Bank has put the un...
"The revenue collection rate can still be improved, as has been seen in other developing countries that have significantly enhanced their tax collection by ensuring the war on corruption is won, broadening the tax base via simplifying the tax system, lowering rates and reducing unnecessary exemptions...
Gross Savings Rate (%) 11.9 2023 yearly 2006 - 2023 Investment: % of GDP (%) 16.4 2023 yearly 1964 - 2023 Nominal GDP (USD mn) 26,869.9 Sep 2022 quarterly Mar 2009 - Sep 2022 Nominal GDP Growth (%) 8.271 Sep 2024 quarterly Mar 2010 - Sep 2024 Private Consumption Expenditure ...