Kenyan Tax Laws and Tax Procedures Amendment Bills Signed into Law Including New Significant Economic Presence Tax

On 11 December 2024, Kenyan President William Ruto signed the Tax Laws (Amendment) Bill 2024 and the Tax Procedures (Amendment) Bill 2024 into law.

• The introduction of a Significant Economic Presence Tax that replaces the 1.5% Digital Services Tax and is payable at a rate of 30% on a deemed profit of 10% of the income of non-resident persons from the provision of services derived from or accrued in Kenya through a business carried out through a digital marketplace, with returns due by the 20…