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Originally published by Kenyanstop
May 11, 2026
3h ago
Ruto Approves Income Tax Changes as New Law Takes Effect
The bill's objective was to facilitate corporate restructuring without tax friction and to prevent double taxation in transactions that do not result in actual market sales...
✨ Key Highlights
President William Ruto has assented to three major bills, including the Income Tax (Amendment) Bill, aimed at reforming tax policies and fostering investment growth in Kenya.
- The Income Tax (Amendment) Bill will allow companies to reorganize ownership and move assets internally without incurring tax penalties, effective July 1.
- Key figure involved is President William Ruto, who signed the bills into law on Monday, May 11.
- The new law exempts transfers of property by a company to its shareholders during internal restructuring, provided assets are distributed proportionally to existing shareholding.
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