OrbitaxOrbitax

Kenya 2016/2017 Budget Presented Including a Tax Amnesty Program and VAT and Individual Income Tax Changes

|Proposed Changes|Kenya
Kenya

Kenya's National Treasury Cabinet Secretary Henry Rotich presented the 2016/2017 Budget to the National Assembly on 8 June 2016. The main tax-related measures of the budget include:

  • A tax amnesty program for taxpayers that reinvest their foreign held assets and business earnings;
  • New value added tax (VAT) exemptions for garments and leather footwear procured from export processing zones, raw m…

Continue Reading