A private ruling from the Kenya Revenue Authority (KRA) on the carry forward of losses was recently published by a third party. The ruling, dated 1 September 2025, addresses the new limit on loss carryforwards introduced by the Finance Act 2025. As previously reported, the Act limited the carry forward of losses to 5 years, which is generally effective from 1 July 2025. According to the ruling, the KRA's position on the loss carryforward restriction is that the restriction not only applies t…