author_orbitax
Orbitax

Share This Article

Kenya Finance Bill 2025 Includes Immediate Deduction for Small Businesses, Digital Assets Tax Reduction, and Provision on Minimum Top-up Tax Payment

02 May 2025

|

Proposed Changes

|

Kenya

Kenya's Cabinet Secretary for National Treasury and Economic Planning tabled the Finance Bill 2025 before the National Assembly on 30 April 2025. The text of the bill is not yet publicly available, but reported measures include: A 100% deduction of expenses incurred in the acquisition of tools and equipment by small businesses; A requirement for employers to grant an employee all applicable deductions, reliefs, and exemptions before computing deductible Pay As You Earn (PAYE) taxes on an employee's income; A reduction in the tax on digital assets from 3% to 1.5%, which is payable on income derived from the transfer...