On 11 June 2015, the Kenyan Cabinet Secretary presented the 2015-2016 Budget to the National Assembly. The main tax measures of the budget include:
- The 5% capital gains tax on the sale of shares will be replaced with a 0.3% transaction withholding tax based on the value of the shares;
- The loss carry forward limit will be extended from 5 years to 10 years;
- Incentives will be introduced for film production, including a withholding tax exemption on payments from producers to actors and crew mem…