TaxAlert| Analysis Finance Act 2020 Kenya
On the 30th of June 2020, the President assented the Finance Bill 2020 thereby making it a law. Contrary to previous presentations, this year’s Finance Bill came to the public domain prior to the budget reading as has always been the norm.
The Finance Act herein referred to as the Act has several amendments targeted at cushioning Kenyans from the adverse effects of the Covid-19 pandemic whilst outlining mechanism to ensure continued revenue collection.
We have analyzed the Act and its impact on business going forward and presented our reasonings as laid out in this analysis as follows Read the full analysis.