Kenya's Parliament has published the Finance Bill 2023, which contains various tax measures. Some of the main 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 payable to a non-resident person exceeds 30% of EBITDA…