Kenyan President Uhuru Kenyatta signed into law the Tax Laws (Amendment) Act, 2020 on 25 April 2020. The new tax law amends several statutes to cushion the economy and Kenyans against the effects of the COVID-19 pandemic, as well as other changes. This includes measures announced earlier by the President in March, with some changes. Key measures include:
- A reduction in the corporate tax rate from 30% to 25%;
- An increase in the non-resident tax on dividends from 10% to 15%;
- An increase in th…