Income Tax (Financial Derivatives) Regulations, 2022

The Finance Act, 2022 amended Section 3(2) of the Income Tax Act, Cap 470 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. Further, the Act require the cabinet secretary to develop regulation for effective implementation of this legal provision.

In compliance with the Statutory Instruments Act, Kenya Revenue Authority, on behalf of the Cabinet Secretary of the National Treasury and Planning, hereby invites business organizations and members of the public to submit their views for consideration in the development of the Income Tax Act (Financial Derivatives) Regulations, 2022.

The submissions should be addressed to the Commissioner General, Kenya Revenue Authority, P.O. Box 48240 - 00100, Nairobi or emailed to to be received on or before Friday 16th September, 2022.


Commissioner General


Income Tax (Financial Derivatives) Regulations, 2022