Kenya Lower House Considers Income Tax (Amendment) Bill 2026

The Kenyan lower house of Parliament (National Assembly) April 2 accepted for consideration Bill No. 20, the Income Tax (Amendment) Bill 2026. The bill includes measures to: 1) exempt from capital gains tax property transfers from a company to its shareholders for internal reorganization purposes, and transfers from shareholders to the company that constitute consideration for the transfer; 2) require that transfers to shareholders are proportionate to their ownership share immediately before the transfer, and that transfers involving shares consist of shares in a subsidiary undertaking the transfer; and 3) clarify that the internal reorganization must be a restructuring of ...