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Kenya News

Kenyan Tax Reforms In Medium-Term Budget Plan

by Lorys Charalambous,, Cyprus

Tuesday, January 27, 2015

Kenya's National Treasury has released a Budget Policy Statement setting out tax reform plans for the next three years. Read Full Story


Kenya Publishes Capital Gains Tax Guide

by Lorys Charalambous,, Cyprus

Tuesday, December 30, 2014

The Kenyan Revenue Authority has released guidelines for the five percent capital gains tax that will be reintroduced next year on the sale of property, including land, buildings and marketable securities. Read Full Story


Developing Countries Meet To Discuss BEPS Push

by Ulrika Lomas,, Brussels

Monday, December 15, 2014

Officials from 14 developing countries met on December 10-11, 2014, to maximize the benefits their countries will derive from the Organisation for Economic Cooperation and Development's ongoing work on countering base erosion and profit shifting. Read Full Story


EU Reaches Trade Deal With East African Community

by Ulrika Lomas,, Brussels

Wednesday, October 22, 2014

The European Union has said the conclusion of a new trade deal with the East African Community means that EAC countries no longer have to worry that their improving economic status will lead to the loss of full duty-free and quota-free access to the European market. Read Full Story


Kenyan Exporters To Suffer From Lack Of EU EPA

by Lorys Charalambous,, Cyprus

Monday, October 6, 2014

The inability of the East African Community member countries to conclude the proposed Economic Partnership Agreement with the European Union by October 1, 2014, has led to the withdrawal of free market access provided to Kenyan exports. Read Full Story


Good Progress Being Made On African Tripartite FTA

by Lorys Charalambous,, Cyprus

Wednesday, August 20, 2014

It was indicated, at the recent 34th Southern African Development Community Heads of States and Governments Summit, that negotiations for the tripartite free trade agreement, with the Common Market for Eastern and Southern Africa and the East African Community, are at an advanced stage. Read Full Story


Kenya Issues TCC Application Guidelines

by Lorys Charalambous,, Cyprus

Tuesday, March 4, 2014

The Kenya Revenue Authority has issued guidelines for those businesses applying for a Tax Compliance Certificate – a document that is mandatory for businesses wishing to conduct transactions with government agencies and public bodies. Read Full Story


Kenya To Set Up Mombasa FTZ

by Lorys Charalambous,, Cyprus

Thursday, February 20, 2014

Kenya's Government has approved the establishment in Mombasa of the country's first free trade zone, which should be operational within the next two years. Read Full Story


IMF Looks For Further Increase In Kenyan Tax Revenues

by Lorys Charalambous,, Cyprus

Friday, December 13, 2013

After the final review under its three-year Extended Credit Facility to Kenya, which was originally approved in January 2011, the International Monetary Fund confirmed that the country's policies will continue to aim at gradual further fiscal consolidation, while providing sufficient resources for infrastructure investment. Read Full Story


Kenya Airways Challenges New VAT Bill

by Lorys Charalambous,, Cyprus

Tuesday, July 23, 2013

Kenya Airways hopes to broker a last-minute amendment to Kenya's new Value-Added Tax Act as the Government aims to fast-track the bill through parliament. Read Full Story



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