Kenya has capped the period for Special Economic Zones (SEZs) investors to enjoy tax benefits and incentives at 10 years, reducing the time in which the government loses revenue in order to attract investors.
This is a shift from the previous scenario where there was no limit with the State instead offering incentives and benefits such as corporate income tax (CIT) in a graduated phase at the rate of 10 percent for the first 10 years, which then rises to 15 in the next 15 years.
