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What corporates need to know about new tax rules on charitable donations

The new rules have implications for Kenyan corporate donors wanting to ensure their donations to charitable entities are allowable expenses.

Photo credit: Shutterstock

By  ALEX MATHINI ,  ANDREW ODUOR ,  KELVIN MBITHI  &  SAMUEL GITHANDA

Changes have been made to the legal framework and tax rules that govern charitable organisations and donations.

The changes, through the Income Tax (Donations and Charitable Organisations Exemption) Rules, 2024 (2024 Rules) were gazetted on June 18, 2024, with a transition period of 12 months.

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

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