The Finance Bill 2025 proposes various tax amendments aimed at broadening the tax base and enhancing revenue collection, including:
- Expansion of significant economic presence (SEP) tax to businesses operating online
- Introduction of advanced pricing agreements (APAs) for cross-border transactions involving related parties
- Value added tax (VAT) exemptions for electric bicycles, inputs for animal feed manufacturing, and electric buses
- Increase in per diem benefit for personal income tax from KES 2,000 to KES 10,000
- Limiting the carry-forward period for corporate tax losses to five years
- Empowering the Commissioner to issue agency notices on tax disputes in court
Read a prepared by the 乐鱼(Leyu)体育官网 member firm in Kenya