The Kenya Revenue Authority (KRA) has announced tax rate changes for 2021 as introduced through the Tax Laws (Amendment) No. 2 Act of 2020, which was published on 24 December 2020. Certain measures of the final Act are in line with the draft bill reported earlier, although some changes have been made. The main measures include:
- The individual income tax bands/rates are revised as follows, with fewer tax bands and a much lower top rate threshold than originally proposed:
- up to KES 288,000 -…