Kenyan President William Ruto has declared that Value Added Tax (VAT) on exported services will be removed starting July 1, 2023, as part of efforts to increase Kenya’s attractiveness as an investment destination. The VAT on exported services was introduced through Finance Act 2022, which reclassified exported services (except Business Process Outsourcing) from exempt to...

The African Continental Free Trade Area (AfCFTA) Secretariat and the African Export-Import Bank (Afreximbank) have signed a Host Country Agreement with the Republic of Rwanda for the AfCFTA Adjustment Fund. The $10 billion fund will be headquartered in Kigali, Rwanda. It will help countries to implement agreed protocols while supporting African firms to retool for...

In Kenya, the main taxes that must be paid on imports include Value Added Tax (VAT), Excise Duty, and Customs Duty. The VAT rate is 16% and is applied to the value of the imported goods plus the cost of freight and insurance. Excise Duty is applied to specific goods such as alcohol and tobacco...

The World Customs Organization (WCO) has released a Guide for Rules of Origin under the African Continental Free Trade Area (AfCFTA) agreement. The AfCFTA agreement aims to create a single market for goods and services across Africa by allowing the free movement of business persons and investments, which will ultimately lead to the creation of...