Kenya plans to impose a 15% capital gains tax (CGT) on offshore sales of local companies, targeting a structure through which foreign venture capital and private equity investors have exited Kenyan businesses without paying local taxes.
The proposal in the Finance Bill 2026 tabled before parliament would allow the Kenya Revenue Authority (KRA) to tax gains made by non-resident investors selling shares abroad if those shares derive their value from Kenyan assets or operations.
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