The Finance Act, 2020 ( the ACT) was assented into law by His Excellency President Uhuru Kenyatta on 30th June 2020, giving life to a raft of taxation measures proposed by the Government to cushion Kenyans against the impact of COVID 19.
The Finance Act, 2020 amends the Income Tax Act (Cap 470), the Value Added Tax Act, 2013, the Excise Duty Act, the Miscellaneous Fees, and Levies Act; the Tax Procedures Act 2015; and the Kenya Revenue Act.
The provisions of the Act are effective as of Tuesday, 30th June 2020, which is the date of assent of the Act, other than the changes in respect of the amendments of the Income Tax Act and amendments of the Tax Procedures Act which will be effective from 1st January 2021.
Read More >> Full Report: Kenya Tax Update 2020
