Finance Act 2025 was signed into law on the 26th June 2025. Some of the most noticeable amendments include;
Finance Act 2025 was signed into law on the 26th June 2025. Some of the most noticeable amendments include;
- Loss, when ascertaining total income, may be carried forward for only 5 years.
- Employee per diem allowance increased to Ksh. 10,000.
- The internet and electronic networks are now included as a place of supply for excisable services.
- Relief for a payer from penalty for failure to deduct withholding tax where the payee receives payment in full.
- Zero-rated/exempt supply may attract tax if such supply is used in production that does not qualify as zero rated /exempt.