Kenya 2017/2018 Budget includes Several Incentives

On 30 March 2017, Cabinet Secretary for the National Treasury, Henry Rotich, delivered Kenya's 2017/2018 Budget to the National Assembly (lower house of parliament). The main tax-related proposals in the budget focus on incentives, including:

• A 150% investment deduction for capital expenditure in marine, fisheries and fish processing (blue economy);
• A reduced corporate rate for new motor vehicle assemblers of 15% for the first five years (standard 30%); and
• New Special Economic Zone (SEZ) in…