Kenya's Finance Bill 2025: An Expert's Look at the Unexpected Benefits

Kenya Finance Bill 2025: Expert Highlights Positive Impacts Nairobi, Kenya – May 14, 2025 – The Finance Bill 2025, currently making its way through the Kenyan legislative process, has been the subject of much debate. While concerns have been raised, Alex Kanyi, Tax & Exchange Control Partner at CDH, offered a different perspective during an interview on SpiceFM. Kanyi highlighted several positive aspects of the bill. One key point was the proposed increase in per diem allowances for employees. "The proposal is to increase it from 2,000 shillings per day to 10,000 shillings per day," Kanyi stated. This increase, he explained, could significantly benefit many workers. Another positive, according to Kanyi, is the reduced corporate tax rate for startups. "For startups, they will enjoy a reduced corporation tax rate of 15% for the first three years," he said, adding that this could stimulate entrepreneurship and economic growth. The interview also touched upon advanced pricing agreements, offering clarity on tax procedures and ensuring fairness for businesses engaging in international transactions. Kanyi's insights provide a balanced view of the Finance Bill 2025, focusing on potential benefits alongside existing concerns.