The government via the Finance Act of 2022 made a U-turn by restoring the status of export of services to zero-rated. The move though laudable, has equally brought confusion to exporters of services. The VAT Act now limits what qualify as exports of services to Business Process Outsourcing (BPO). The lwa, howevers does not define BPO exporters of services and the KRA and taxpayers are likely adopt conflicting interpretation of the law thus leading to uncalled tax disputes.
Source: businessdailyafrica.com
Latest Posts in "Kenya"
- Kenya Court Clarifies VAT Liability for Non-Resident Digital Platforms as Deemed Suppliers
- KRA VAT Collections Hit Sh30 Billion Monthly After Mandatory Electronic Invoicing Enforcement
- Kenya Unveils Tax Reforms to Boost Agricultural Exports and Enhance Global Competitiveness
- Kenya Court: Digital Platforms with Transaction Control Liable for VAT on Full Customer Payments
- eTIMS Fuel Station System: Streamlining Tax Compliance and Operations for Kenyan Fuel Retailers
