Revenue Laws In Kenya

Onn 22 nd april 2020 kenya revenue authority in a public notice of 02 04 2020 informed the public about tax legislative changes contained in legal notice no.

Revenue laws in kenya. The tax laws amendment bill 2020. County agricultural produce cess bill for some county governments 5. Kenya ltd had paid more than sh150. County rating bill for property rates 3.

View full size previous picture. Some of the amendments are aimed at cushioning the public and the economy at large against the economic ramifications of the covid 19 pandemic. County revenue model laws. Law reporti fjprary republic of kenya kenya gazette supplement senate bills 2020 nairobi 17th april 2020 content bill for introduction into the senate page the county allocation of revenue bill 2020 89 special issue kenya gazette supplement no.

The kenya law reform commission has a statutory and ongoing role of reviewing all the laws of kenya to ensure that it is modernized relevant and harmonized with the constitution of kenya. The kenya revenue authority was established by an act of parliament the kenya revenue authority kra act chapter 469 of the laws of kenya. The following tax laws have been amended. While companies partnerships can voluntarily register for vat they must register if their annual revenue exceeds kshs.

7 printed and published by the government printer nairobi. The income tax act ita value added tax vat excise duty act tax procedures act miscellaneous fees and levies act and the kenya revenue authority act. County trade licensing bill 4. The commission has therefore worked closely with county governments in the financial year 2014 15 to assist all 47 county governments to draft the following laws.

35 of 2020 and business laws amendment act 2020. 45 senate bills no. Klrc has an additional mandate of preparing new legislation to give effect to the constitution. 4 uhuru signs 2020 21 county revenue allocation bill into law.

The major function of the kenya revenue authority is collecting revenue on behalf of the government of kenya. Value added tax is charged on supply of taxable goods or services made or provided in kenya and on importation of taxable goods or services into kenya.