The Finance Bill 2020 reintroduces some of the tax proposals initially proposed by the Tax Law Amendment Bill,2020 but were rejected by Parliament. It provides additional tax changes and other miscellaneous amendments.
THE FINANCE ACT 2019 The President of Kenya assented to the long awaited Finance Act, 2019 from the parliament on 7th November, 2019. The Act maintained most of the provisions from the Bill. However, the National Assembly eliminated the following provisions; Increase in the Capital Gains Tax; Widening the range of services subject to Withholding Tax; […]