Skip to content
How a Leading Pharmaceutical Company Unified Tax Operations with OrbitaxHow AMG Brought Pillar Two Compliance In-House with Orbitax
EYEY

Kenya gazettes Income Tax (Financial Derivatives) Regulations, 2023

|Tax Alerts, Legislation & Policy, National/Federal Taxation|Kenya
Kenya

  • Kenya’s Cabinet Secretary for the National Treasury and Economic Planning has gazetted the Income Tax (Financial Derivatives) Regulations, 2023.

  • The Finance Act, 2022 introduced a new provision subjecting gains from financial derivatives earned by nonresident persons to withholding tax at a rate of 15%.

  • The recently gazetted regulations seek to provide clear guidelines on the treatment of income accruing from financial derivatives.

Executive summary

Kenya’s Cabinet Secretary for the National Treasur…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.