Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

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4. Results: Answers
Corporate Tax
Trends and predictions
How would you describe the current tax landscape and prevailing trends in your jurisdiction? Are any new developments anticipated in the next 12 months, including any proposed legislative reforms?

Answer ... Kenya is in the process of reviewing its income tax regime through the enactment of the Income Tax Bill, which will lead to the repeal of the Income Tax Act, Chapter 470, Laws of Kenya. The bill was released to the public for comment by the National Treasury in mid-2018. The bill aims to simplify compliance, widen the tax base and align Kenyan tax legislation to international best practices. The bill is currently undergoing public participation as part of the legislative process before being introduced to the National Assembly for debate and enactment. It is expected that the bill will be enacted in 2019.

For more information about this answer please contact: Daniel Ngumy from Anjarwalla & Khanna