Need for clarity on tax amnesty

Tax amnesty in Kenya was introduced vide the Finance Act 2016 to ensure repatriation of funds held abroad to the country so as to bridge budget deficits and spur economic growth.

One would apply under Section 37(B) of the Tax Procedures Act 2015 and repatriate their foreign-held assets within the amnesty period.

This has been applied in many other jurisdictions — including in South Africa, France, India, Brazil Italy and Australia. Read more