Tax alert – Tax changes effective 2021
1. Corporation Tax rates
KRA informs the public on changes to corporation tax rates through the Tax Laws (Amendment) act published on April 25, 2020, and the tax laws (amendment) act no. 2 of 2020 published on December 24, 2020, which provided for resident corporation tax rate of 25% and 30% respectively. In light of the above, corporation tax rates shall apply as follows.