On 11 November 2020, Portugal's President, Marcelo Rebelo de Sousa, signed the law for the ratification of the pending income tax treaty with Kenya. The treaty, signed 10 July 2018, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Kenyan taxes on income chargeable under the Income Tax Act and covers Portuguese personal income tax, corporate income tax, and surtaxes on corporate income tax.
Withholding Tax Rates
- Dividends - 7.5% if the beneficial owner …