Tag: Finance Bill 2020

Thoughts on the National Budget, New Digital Tax and Other Tax Stories

On 11th June 2020, Treasury Cabinet Secretary Ukur Yatani read the Country’s 2020/2021 Financial Year Budget. There have also been looming conversations and buzz...

Kenya Intros 1.5% Digital Tax for Online Sales, Effective January 2021

President Kenyatta has approved the Finance Bill 2020. The bill had proposed amendments to multiple statutes, including The Income Tax Act, The Value Added...

Finance Bill 2020 Proposes Reduction of Turnover Tax to 1%, Intros 1.5% Digital Tax for Online Sales

Tax laws, alongside finance regulations, are being revised based on proposals that have been published for the Tax Law (Amendment) Bill, 2020, and the...