Finance Bill: 20-year tax holiday for firms investing Sh3bn via Nairobi hub

BDTax

The Finance Bill proposes a corporate tax rate of 15 percent for NIFC-certified start-ups for three years, rising to 20 percent for the next four.

Photo credit: Shutterstock

The National Treasury wants companies operating in Nairobi’s financial hub to pay a lower corporate income tax rate of 15 percent for the first 10 years and 20 percent for the next 10 years, provided they inject Sh3 billion into the Kenyan economy.

The standard corporate income tax rate in Kenya is 30 percent for both resident companies and branches of foreign companies.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.