President William Ruto has signed into law the Income Tax Bill, the Special Economic Zones (Amendment) Bill, and the Technopolis Bill at State House, Nairobi.
According to the government, the new laws will streamline Kenya’s regulatory framework to strengthen the country’s position as an attractive investment destination by creating a more efficient, predictable and competitive business environment. The Income Tax Act seeks to rationalize the administration of capital gains tax in order to align Kenya’s tax regime with international best practices and recognized principles of taxation, while reinforcing gains made in improving the ease of doing business.
