The financial landscape is ever-evolving and governments constantly adapt their tax policies to meet changing economic realities and fiscal priorities. The Kenyan government is no different and it is in this context that the Finance Bill 2023 (the Bill) was tabled before parliament. The Bill proposes to introduce several changes to tax legislation that will significantly impact businesses and individuals. In this alert, we explore the key provisions of the Bill, examining the potential implications and offering insights into the rationale behind these proposed tax changes.

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