On 7th December 2021, the Central Bank of Kenya Act was published to regulate digital lending in Kenya. The aim of the Act is to ensure that the market is fair, access is non-discriminatory and that users will benefit from enhanced protection. Learn more here.

On 14 December 2021, the Kenya Revenue Authority (KRA) published the draft common reporting standards regulations 2021. Learn more here.

On 5 October 2021, the Kenya Revenue Authority issued a public notice providing guidance on the implementation of the VAT (Electronic Tax Invoice) Regulations 2020. We have summarised the guidelines issued. Click here to learn more.

On 30th June 2021, the Treasury Cabinet Secretary Ukur Yatani gazetted the Finance Act 2021. Learn more about the key fiscal changes here.

Justice George Odunga sitting in the High Court of Kenya has on 19 April 2021 granted a Conservatory Order restraining the Kenya Revenue Authority (KRA) from collecting Minimum Tax payments. (“The Order”). More on this news here.

The Companies Act 2015 was amended in 2019 and now companies registered in Kenya are required to prepare and submit a copy of the beneficial ownership registers to the Registrar of Companies.

On the 22nd December 2020, the Kenyan National Assembly published a notice on the assembly website that the lower house of parliament had approved the ratification the pending income tax treaty with Mauritius.

On the 24th December 2020, the Tax Laws (Amendment) No. 2 Act of 2020 (“the Act”) was published. The Act brought about changes to the rates for employment income and corporation tax. Also in December, the Legal Notice 206 of 2020 (on Value Added Tax) was published and amended the VAT rate.