On 3 July 2023, the Kenya Revenue Authority published the Finance Act 2023, which was assented (enacted) by the president on 26 June 2023. Some of the main tax measures include:
- The revision of the rules limiting the deduction of foreign exchange losses from 1 July 2023, providing that foreign exchange losses shall be deferred (and not taken into account) and claimed over a period of not more than three years from the date the loss was realized by a company whose gross interest paid or paya…