- Chairperson of Finance and National Planning Committee tabled Finance Bill 2024 on May 13, 2024
- Changes will be effective from July 1, 2024
- The Bill proposes to remove the 90/10 Rule for claiming input tax
- Section 17(7) will be deleted, which currently dictates input tax deductibility based on percentage of taxable supplies made
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"
- World Bank Urges Kenya to Raise Consumption Taxes to Clear Supplier Debts
- Kenya Implements New Import Compliance Obligations
- Kenya High Court Rules Payment Services as VAT-Exempt, Overturns Tribunal Decision
- KRA Reminds Operators to Renew Bonded Warehouse and MUB Licenses by December 2025
- KRA Reminds Transporters to Renew Transit Goods Vehicle Licenses by October 31
