Kenya Lower House Considers 2025 Finance Bill

The Kenyan lower house of Parliament (National Assembly) May 7 accepted for consideration Bill No. 19, the Finance Bill, 2025. The bill includes measures to: 1) increase the tax free-limit of per diem allowances from employers, to 10,000 Kenyan shillings (US$77) daily from 2,000 shillings (US$15); 2) set corporate income tax rates for start-ups certified by the Nairobi International Financial Centre Authority of 15 percent for the first three or 10 years, and 20 percent for the subsequent four or 10 years; 3) reduce income tax on transfers of digital assets to 1.5 percent from 3 percent; 4) amend lists ...