Kenya Plans to Reverse Reduced Tax Rates Provided in Response to COVID-19 and Introduce Other Amendments

The Kenyan parliament is considering the Tax Laws (Amendment) (No. 2) Bill 2020, which was submitted on 27 November 2020. The draft bill includes several amendments, including for the reversal of certain measures introduced in response to the COVID-19 pandemic by the Tax Laws (Amendment) Act 2020.

• An increase in the corporate tax rate from 25% back to 30%, as well as confirmation that the reduced 25% rate is effective from 25 April 2020.
• The revision of the individual income tax rates as fo…