Taxes on the gains or profits by non-resident ship owners or charterers are now deducted at source by their customers in Kenya in a key shift by the Treasury aimed at sealing revenue leaks and boosting cash flow.
The Finance Act 2025 has amended the Income Tax Act and shifted the burden of deducting tax on the gains and profits by non-resident ship owners to their customers in Kenya, who rented their services for a specific period or voyage.
