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Kenya
Overview
Last reviewed - 18 February 2025Kenya is located along the Indian Ocean on the East coast of Africa and is bordered by Tanzania to the south, Uganda to the west, South Sudan to the northwest, Ethiopia to the north, and Somalia to the northeast. The capital city of Kenya is Nairobi, and the official languages are Swahili and English. The official currency is the Kenya shilling (KES).
In the last decade, the real gross domestic product (GDP) growth has averaged over 5%.
As outlined in the draft Government Budget Policy Statement 2025, economic growth is estimated to be 4.6% in 2024 from a growth of 5.6% in 2023 reflecting deceleration of economic activities in the first three quarters of 2024 and the slowdown in private sector credit growth. The draft Government Budget Policy Statement 2025 expects growth to pick up to 5.3% in 2025 and retain the same momentum over the medium term largely driven by enhanced agricultural productivity, resilient services sector and ongoing implementation of priorities under Bottom-Up Economic Transformation Agenda (BETA).
Kenya participates in several regional initiatives and is a member of the East African Community (EAC), Common Market for Eastern and Southern Africa (COMESA), Intergovernmental Authority on Development (IGAD), and the African Continental Free Trade Area (AfCFTA), amongst others.
PwC in Kenya provides audit, tax, and advisory services across all industries. Our Tax Services division provides our clients with a broad range of tax services, including transfer pricing, mergers and acquisitions, tax policy, international tax, value-added tax (VAT), customs and excise, corporate tax planning and compliance, personal tax advisory and compliance, reward and remuneration, dispute resolution, legal business solutions, and immigration services.
Quick rates and dates
| Corporate income tax (CIT) rates | |
|---|---|
| Headline CIT rate (%) |
Resident corp.: 30; Foreign corp.: 30 |
| Corporate income tax (CIT) due dates | |
|---|---|
| CIT return due date |
Within six months following a company’s financial year end. |
| CIT final payment due date |
Within four months of the company’s financial year end. |
| CIT estimated payment due dates |
Instalment tax payments of 25% each must be made during the year on the 20th day of the 4th, 6th, 9th, and 12th month of the company’s financial year. |
| Personal income tax (PIT) rates | |
|---|---|
| Headline PIT rate (%) |
35 |
| Personal income tax (PIT) due dates | |
|---|---|
| PIT return due date |
30 June |
| PIT final payment due date |
30 April |
| PIT estimated payment due dates |
Four instalments of 25% each (by 20 April, 20 June, 20 September, and 20 December). |
| Value-added tax (VAT) rates | |
|---|---|
| Standard VAT rate (%) |
16 (16% for petroleum products from 1 July 2023) |
| Withholding tax (WHT) rates | |
|---|---|
| WHT rates (%) (Dividends/Interest/Royalties) |
Resident: 5 / 10 to 25 / 5; Non-resident: 15 / 15 to 25 / 20 Repatriated Income Tax for foreign corp.: 15 |
| Capital gains tax (CGT) rates | |
|---|---|
| Headline corporate capital gains tax rate (%) |
15 |
| Headline individual capital gains tax rate (%) |
15 |
| Net wealth/worth tax rates | |
|---|---|
| Headline net wealth/worth tax rate (%) |
NP |
| Inheritance and gift tax rates | |
|---|---|
| Headline inheritance tax rate (%) |
NP |
| Headline gift tax rate (%) |
NP |
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