- Chairperson of Finance and National Planning Committee tabled Finance Bill 2024 on 13 May 2024
- Changes will be effective from 1 July 2024
- Bill proposes elimination of manufacturers’ deduction for input tax on taxable supplies to official aid funded projects
- Section 17(8) of VAT Act to be deleted
- Manufacturers will not be able to claim input tax on supplies to official aid funded projects
Source: globaltaxnews.ey.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Kenya"
- Kenya’s e-Invoicing Revolution: Empowering Compliance, Transparency, and Economic Growth Across Africa
- Kenya High Court Rules Platforms Liable for VAT: Major Impact on Gig Economy and Digital Services
- KRA Reminds Fuel Stations to Implement eTIMS or Face Enforcement by December 31, 2025
- Kenya Tribunal Declares Switching Services VAT-Exempt, Clarifies Tax Rules for Fintech Sector
- Kenya to Validate Income and Expenses in Tax Returns Starting January 2026
