Kenya's National Assembly has announced that it has commenced consideration of the Finance Bill 2024 on 13 May 2024. The National Assembly has also issued an invitation to submit memoranda (comments) on the bill, which outlines the tax measures. Some of the main measures include the following:
- Provide that foreign exchange losses realized by persons subject to interest restrictions will be deductible within a period of three years from the date the loss is realized instead of the current …