VATupdate
VAT

Share this post on

Kenya Introduces 2024 Tax Laws Amendment Bill with Significant Economic Presence Tax and VAT Changes

  • Kenyan Official Gazette published Bill No. 47, the 2024 Tax Laws (Amendment) Bill
  • Bill includes measures to replace 1.5 percent digital service tax with 6 percent significant economic presence tax
  • Bill also removes threshold for applying VAT apportionment formula, allowing taxpayers making 90 percent zero-rated supplies to claim 100 percent input VAT

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news

Advertisements: