Country: Kenya

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From the 1st January 2024, Kenya is proud to be a visa free country. For a seamless trip to Kenya, all travellers must now complete an Electronic Travel Authorisation before departure. For more information visit: www.etakenya.go.ke

The UBP combines the business, fire, food, health, and advertising licenses into one and will be available on the Nairobi City County Government’s NairobiPay Revenue service online portal. Its activation eliminates the issuance of multiple licenses.

Any business expenditure not supported by an eTIMS generated tax invoice shall not be deductible for tax purposes with effect from 1st January, 2024.

The Cabinet Secretary for Interior has published new intended charges, fees and levies for Immigration services to take effect on January 1, 2024. The State Department for Immigration and Citizen Services has been directed to conduct and to complete public participation as soon as possible, but in any case, not later than December 10, 2023.

President William Ruto has signed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2023 into law. This new law is a welcome development as it should ensure greater transparency and accountability among legal entities in the country.

With a GDP of USD 92 billion in 2019, Kenya is the 4th economic power in sub-Saharan Africa. Lowly dependent on exports of raw materials, Kenya has been able to diversify its sectors of activity and benefits from a developed and dynamic private sector. Its annual economic growth has oscillated between 5 and 8% for more than 10 years. With good infrastructure, Kenya is considered the logistics and commercial hub of East Africa.

Sanlam and Allianz are pleased to announce that they have received regulatory approvals for the joint venture that will create the leading Pan-African non-banking financial services company with a presence in 27 countries in Africa. The joint venture will operate as SanlamAllianz.

Here is a Pubic Notice from KRA concerning the Affordable Housing Levy (AHL)