Home Finance Bill 2024 Analysis – Andersen in Kenya

Finance Bill 2024 Analysis – Andersen in Kenya

On 13th May 2024, the Finance Bill 2024 was tabled before the National Assembly of Kenya, outlining the government’s proposed tax measures for the 2024-2025 financial year. This Bill includes significant amendments to Income Tax, Value Added Tax (VAT), and Excise Duty, along with notable changes to the Tax Procedures Act. The proposed changes aim to streamline tax processes and enhance revenue collection.

The Bill is currently open for public participation. Once the Bill is assented into law, the majority of the provisions are set to be implemented from 1st July 2024, with specific amendments scheduled for 1st September 2024 and 1st January 2025.

For a detailed analysis of the Finance Bill 2024, please click here.

    News & Updates

  • Andersen Global Expands to Kenya

    Andersen has found a home in Kenya and provides a wide range of tax, valuation, financial advisory and related consulting services to individual and commercial clients.

  • Andersen Kenya

    Andersen has found a home in Kenya and provides a wide range of tax, valuation, financial advisory and related consulting services to individual and commercial clients.

  • Return Filling

    A tax return is a form or forms filed with a tax authority that reports income, expenses, and other pertinent tax information. Tax returns allow taxpayers to calculate their tax liability, schedule tax payments, or request refunds for the overpayment of taxes.