Investment opportunities exist in nearly all the sectors and especially in agro based industries, machinery and building materials, furniture and paper products, garments and textiles, jewellery and watch manufacture, food processing, cosmetics, pharmaceuticals, electronic goods, solar technology products; IT/Data processing, tourism, banking and financial services, housing, roads, ports, railways and energy sector.
Direction of Trade
Kenya Exports to Botswana was US$1.61 Million during 2021, according to the United Nations COMTRADE database on international trade. Kenya Exports to Botswana – data, historical chart and statistics – was last updated on September of 2023.
Corporate tax presently stands at 30%. Withholding tax on dividends is 5%. However, inter-corporate dividend payments between closely held companies are exempt from withholding tax.
Dividends received by financial institutions as trading income are not subject to tax.Value Added Tax (VAT) is levied on the supply of goods imported into or manufactured in Kenya, and taxable services imported or provided in Kenya.
The standard VAT rate is 16%. Unprocessed agricultural products are exempt from VAT. Inputs into health care, education and agricultural sectors are zero-rated. All exports of goods and services are zero-rated.Excise duties are levied on beer, tobacco products, matches, spirits, wines, mineral water and biscuits (confectioneries).
Personal tax is charged on the income earned in Kenya by any person resident in Kenya. Individual income tax is taxable at rates graduated to 30%.
Tax allowances are provided for all individual taxpayers. Taxable income includes all business income, employment income, dividends, interest and property income.
More information on Taxation can be found below: