Kenya Enacts Finance Bill 2015

Kenya's Finance Bill 2015 was signed into law by President Uhuru Kenyatta on 15 September. The main tax-related measures are summarized as follows.

Corporate Tax

The main corporate tax related changes include:

• The reduced corporate tax rate of 25% for companies listed on the on the Nairobi Securities Exchange is no longer subject to the condition that at least 20% of the company's share capital is listed;
• The loss carry forward limit is extended from 5 years to 10 years;
• The additional 50…