Kenya's Finance Minister Henry Rotich presented the Budget Statement for 2019/20 to parliament on 13 June 2019. The main tax-related measures of the budget include:
- An increase in the rate of Capital Gains Tax from 5% to 12.5%;
- The introduction of an exemption from capital gains tax on the transfer of property that is necessitated by the restructuring of corporate entities;
- An expansion of the scope of application of withholding tax by subjecting additional services, other than management a…