- Affirming a decision of the Tax Appeals Tribunal, the High Court held that interchange fees an issuing bank earned from acquiring banks on card transactions are exempt from value added tax (VAT).
- Based on this decision, interchange fees paid to an issuer under facts similar to those at issue here should not be subject to VAT.
Source EY
Latest Posts in "Kenya"
- KAM Warns Finance Bill 2026 Could Raise Prices of Electric Motorcycles and Phones
- Kenyan Scrap Metal Dealers Back Finance Bill 2026 Tax Reforms
- Kenya Introduces Reverse Invoicing under eTIMS: Expanding Control Over Supplier Compliance
- KRA Loses Sh9.1 Billion After Fuel VAT Cut
- Kenya Plans VAT Reform to Ease Flower Exporters’ Cash Flow Challenges
