Kenya reportedly published the Finance Act 2018 in the Official Gazette on 21 September 2018. The measures of the Act include:
- An expansion of the definition of dividends to provide that any amount paid by a company on behalf of its shareholder or a person related to the shareholder will be deemed a dividend, including:
- Amounts incurred on debts owed by a shareholder or its related person that are settled by the company;
- Amounts discharging debts owed by a shareholder or its related person t…