Kenya 2016/2017 Budget Presented Including a Tax Amnesty Program and VAT and Individual Income Tax Changes

Kenya's National Treasury Cabinet Secretary Henry Rotich presented the 2016/2017 Budget to the National Assembly on 8 June 2016. The main tax-related measures of the budget include:

• A tax amnesty program for taxpayers that reinvest their foreign held assets and business earnings;
• New value added tax (VAT) exemptions for garments and leather footwear procured from export processing zones, raw materials for the manufacture of animal feeds, entrance fees in national parks, commissions earned by…