Kenya: President Ruto Signs New Tax and Investment Laws in Push for Foreign Capital

Kenya: President Ruto Signs New Tax and Investment Laws in Push for Foreign Capital

Nairobi -- President William Ruto has signed into law a set of investment and taxation reforms that the government says are aimed at improving competitiveness in attracting large-scale investors and technology firms.

President Ruto signs new tax and investment laws in push for foreign capital

NAIROBI, Kenya, May 11 – President William Ruto has signed into law a set of investment and taxation reforms that the government says are aimed at improving competitiveness in attracting large-scale investors and technology firms. The President assented to the Income Tax Bill, the Special Economic Zones (Amendment) Bill and the Technopolis Bill at State House Nairobi on Monday. The new laws introduce changes in tax administration, special econom…

Ruto Approves Income Tax Changes as New Law Takes Effect

The bill's objective was to facilitate corporate restructuring without tax friction and to prevent double taxation in transactions that do not result in actual market sales.