06 August 2018 Kenya amends VAT and other tax provisions Kenya's President assented to the Tax Laws (Amendment) Act, 2018 on July 18. Provisions regarding the Income Tax Act (ITA) (Cap 470) and Value Added Tax Act (VAT Act) (Cap 476) became effective retroactively on July 1. The Stamp Duty Act (Cap 480) amendment provisions will become effective October 1. Proposed amendments to the VAT Act focus on the exemption of various supplies, which were previously zero rated or standard rated. Exempt supplies are not subject to tax whereas zero-rated and standard-rated supplies are taxable at a rate of 0% and 16%, respectively. Document ID: 2018-1577 |
