Kenya Proposes VAT Reforms

Indirect Tax, ONESOURCE, Transaction Tax Posted by Rebekah Lu 0 Comment

Posted on February 22, 2012

Kenya has proposed significant reforms to its current VAT law in order to simplify compliance and increase revenues. According to the Treasury, the current compliance rate stands at about 55 per cent due to distortion and tax leakages caused by exemptions and zero rating. “When the proposed Bill becomes law, we hope to achieve 80 to 90 per cent VAT compliance,” a spokesman said. Once the simplification measures are in place and compliance is increased Kenya hopes to be able to reduce the VAT rate.

 

 

 

Source: http://www.coastweek.com/3504_vat.htm

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Categories: Indirect Tax, ONESOURCE, Transaction Tax

About Rebekah Lu

My name is Rebekah and I am an attorney specializing in Indirect Taxes at Thomson Reuters. I earned my JD from Lewis & Clark Northwestern School of Law in Portland, Oregon and have focused exclusively on indirect tax law including sales/use, VAT and telecom since graduation.


Currently I have the good fortune to work in the International Tax Research Department where my responsibilities include researching international tax laws and trends as well as managing our Indirect Tax Research Library. My position has provided me with a superb opportunity to see the world through the lens of its tax laws. Although tax is serious business, it can also be humorous at times and always interesting. I am excited to be able to share my knowledge and enthusiasm for transaction tax with the readers of this blog.