Kenya's Parliament has published the Finance Bill 2021, which was submitted by the National Treasury on 29 April and formally received on 11 May 2021. Some of the key proposed measures in the bill include the following with effect from 1 July 2021:
- The introduction of a new expanded definition of "control" including that a person will be considered to have control in relation to another person where:
- a person, directly or indirectly, holds at least 20% of the voting rights in a company;
- a …