Ronalds LLP (Nairobi) Advice Clients - Kenya Tax Update on COVID-19
Published on March 31, 2020
Following the outbreak of COVID-19 and the subsequent declaration of the virus as a global pandemic by WHO, the world economy has been greatly affected and the Kenyan economy has not been exempted. The pandemic has had adverse effects on millions of Kenyans, which among other things includes loss of income, imminent job losses, indefinite closure of businesses not to mention the mounting pressure on social infrastructure.
To shield Kenyans and Kenyan businesses from the effects of this pandemic, the President, on 25th day of March 2020, directed the National Treasury to table a bill in parliament to effect the tax changes.
Ronalds have published these changes HERE