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Kenya Shifts to Adoption of Two-Pillar Solution; Mulls more Investor-Friendly Measures

|Proposed Changes|Kenya-OECD
Kenya-OECD

President Willian Ruto of Kenya on 31 March 2023 announced that Kenya is committed to scrap its digital services tax (DST) and review and align its approach with the two-pillar solution spearheaded by the OECD and Inclusive Framework (IF). Kenya was one of the few IF holdouts which did not approve the two-pillar solutions, preferring to maintain the DST it introduced effective 1 January 2021. The DST, which is levied at the rate of 1.5%, netted revenues of SEK 241 in the FY ended June 2022 (w…

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