Income Tax Act (Financial Derivatives) Regulations, 2022.

The Finance Act, 2022 amended Section 3(2) of the Income Tax Act, to introduce income tax on gains accrued in or derived from Kenya by a non-resident person from financial derivatives. This amendment will take effect from 1st January, 2023. This effectively brings to tax the gains made by a non-resident person who enters into a financial derivate contract. Click here to read more.