Home The Tax Laws (Amendment) Act, 2024

The Tax Laws (Amendment) Act, 2024

The Tax Laws (Amendment) Act, 2024 was recently passed, introducing key changes that will impact businesses and taxpayers in Kenya. Some notable provisions in the Act:
✅ The introduction of the Significant Economic Presence Tax (SEPT) to replace the Digital Service Tax (DST). This tax will apply to non-residents deriving income from digital marketplace businesses in Kenya.
✅ Public entities are now required to withhold tax on payments for goods supplied.
✅ The transfer of business as a going concern has been made exempt from VAT, reducing transactional costs for such transfers.

To find out more about the provisions and their implication, read through our breakdown HERE.

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