Kenyan Parliament Considers Bill to Clarify VAT Exemption Date for Manufacturing Investments

• The Kenyan National Assembly accepted Bill No. 11 for consideration on March 20.
• The bill aims to clarify the effective date of the VAT exemption for manufacturing capital goods.
• The exemption applies to investments of at least 2 billion Kenyan shillings.
• The bill specifies that the effective date of the First Schedule of the VAT Act is 12 months from the start of the Tax Laws Amendment Act.
• The law is set to come into force on December 27, 2024.

Source: news.bloombergtax.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.

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