Pursuant to section 67 of the value added tax act, 20, the cabinet secretary for the. The stamp duty act cap 480 amendment provisions will become effective 1 october 2018 proposed amendments to the vat act focus on the. Value added tax act, 20 act 870 communication service tax act, 2008 act 754 value added tax amendment no. Authority means the kenya revenue authority established by the kenya. This hand book titled domestic tax laws is primarily intended for internal use by officers and staff of the uganda revenue authority. Value added tax act, 20 act 870 arrangement of sections section imposition of tax 1. Short title this act may be cited as the kenya ports authority act. The stamp duty act cap 480 amendment provisions will become effective 1 october 2018. Post continues after photo photo by waka this is an act of parliament. Provisions regarding the income tax act ita cap 470 and value added tax act vat act cap 476 became effective retroactively on 1 july 2018. Part ii imposition of value added tax a imposition and exemptions 3. The water act, 2016 8 the water act, 2016 an act of parliament to provide for the regulation, management and development of water resources, water and sewerage services. This act, which repeals the existing vat act 1997 the 1997 act, will introduce fundamental changes to widen the. Income tax and vat acts online the income tax act, 1962, valueadded tax act, 1991 and other tax acts may be accessed on the sars website.
Explanatory notes were introduced in 1999 and accompany all public acts except appropriation, consolidated fund, finance and consolidation acts. The companies act 2015 the insolvency act 2015 the societies act, chapter 108 of the laws of kenya 1998 the trustees perpetual succession act, chapter 164 of the laws of kenya 1981 the trustee act, chapter 167 of the laws of kenya 1929 the value added tax act act no. The president assented to the special economic zone act, 2015 sez act on 11 september 2015 and the act was subsequently published on 15 september 2015. The value added tax act, 20 vat act provides for the refund of vat where as. The rate of tax is 5% of the net gain on the transfer of property. Revenue is raised for government by requiring certain businesses to register and to charge vat on the taxable supplies of goods and services. Successful passage of the kenya excise duty act, 2015 on december 1, 2015, the kenya excise duty bill 20151 went into effect, switching the tax system from a hybrid to a uniform specific rate of kshs 2,5001,000 cigarettes, or mille, increasing tax over the previous finance act. Sez enterprises, developers and operators will be subjected. This act, which repeals the existing vat act 1997 the 1997 act, will introduce fundamental changes to. Valueadded tax act 2014 an overview briefing the commencement date of the vat act 2014 the new act, which received presidential assent on 11 december 2014, is now confirmed as 1 july 2015. Although great care has been taken to ensure that it reflects the correct wording and numbering of the income tax act, cap. Schedules to the current vat act list goods and services that are exempt from vat or are taxable at zero rate.
Act 5 value added tax amendment act 2015 the value added tax amendment act, 2015 arrangement of sections section 1. On 18 july 2018, kenyas president assented to the tax laws amendment act, 2018. Procedures in all tax acts in kenya were consolidated into this one act. Printed by uppc, entebbe, by order of the government. The africa tax guide 201819 is an annual publication that provides an overview of the taxation and business regulation regimes of africas most significant trading countries.
Electronic fiscal devices efds an empirical study of their impact. Those who pay for vat on exempt goods are required to file a form for reimbursement within twelve months. Further, the tax procedures act, 2015 tpa provides for withholding of vat whvat. Finance act 2015 chapter 11 contents p art 1 income tax, corporation tax and capital gains tax c hapter 1 c harge, rates etc income tax 1 charge and rates for 201516 2 limits and allowances for 201516 3 personal allowances for 201516. The reintroduction of the capital gains tax regime in kenya is expected to widen the tax net and increase tax revenue collection for the government. Guidance on vat invoices, vat sales receipts, vat credit. S 1, 7, 1618, 2021, 34, 41, 44, 55, 5859, 67, 69, 76, sch 12. Sep 09, 2019 valueadded tax is commonly known as vat.
Below are some of the amendments to the income tax act ita, the excise duty act 2015 excise act, value added tax 20 vat. Capital gains tax cgt was reintroduced with effect from 1 january 2015. It is a final tax and cannot be offset against other income taxes. Valueadded tax act 89 of 1991 south african government. However, the finance act 2015, which was assented to on the same day as the seza appears to limit the tax incentives by amending the income tax act and the value added tax vat as follows. Those who pay for vat on exempt goods are required to file a form for. Section 20 of the principal act is amended by substituting for paragraph athe followinga areexempt from customs duty under thefifth schedule of the east african community customs management act, 2004 except compact fluorescent bulbs with a power. Successful passage of the kenya excise duty act, 2015 on december 1, 2015, the kenya excise duty bill 20151 went into effect, switching the tax system from a hybrid to a uniform specific rate of kshs 2,5001,000 cigarettes, or mille, increasing tax over the previous finance act 2012 system i. This guide is intended to provide vat registrants with information on vat invoices, vat sales receipts, vat credit notes and vat debit notes.
It should be read in conjunction with the value added tax act, 2014, as amended vat act or the act, the value added tax. There is a particular focus on vat implications for financial services, but the amendments address other industries as well. The finance act 2014 amended the eighth schedule of the income tax act ita and as a consequence, cgt was reintroduced with effect from 1 january 2015. Tax campaign case study successful passage of the kenya. The president of kenya assented to the new tax procedures act, 2015 the act on 18 december 2015. National fiscal stabilisation levy amendment act, 2017 act 958 indirect tax law. Vat is chargeable on goods and services that are sold in or imported into kenya. An act to impose a tax on the supply of goods and services in zambia and the. The value added tax act, 2014 arrangement of sections section title part i preliminary provisions 1. Pursuant to section 67 of the value added tax act, 20, the cabinet secretary for the national treasury cs, recently published the vat. The cabinet secretary for industrialization is expected to. The kenya revenue authority kra often takes the position that in such cases the amount. Tax procedures act, 2015 tpa was assented to on 15th december 2015 and commenced operations on 19th january 2016.
This act may be cited as the value added tax act, 20. The act was enacted for purposes of harmonizing and consolidating procedural. Rate of the tax taxable person and taxable activity 4. These businesses become vendors that act as the agent for government in collecting. Short title and this act may be cited as the water act, 2016. The consolidated income tax act is available, in a pdf version, under the tax heading on the university of pretoria, laws of sa consolidated legislation website.
Tanzanias new value added tax vat act will come into force on 1 july 2015. A tax, to be known as value added tax, shall be charged in accordance with the provisions of this act on the supply of goods and services in kenya including. The current vat act was passed into law on 2 september 20 and its implementation has. Access both online and pdf versions of all ey global tax alerts. Value added tax 7 issue 1 chapter 476 value added tax act date of assent. Foreword the africa tax guide 201819 is an annual publication that provides an overview of the taxation and business. The introduction of efds typically requires considerable effort and has. Kenyas vat, which was largely viewed as complex, inefficient and not productivehowever. The benefits apply on all special economic zone transactions. A legal notice issued by the cabinet secretary for finance on 14 january 2016 appointed 19 january 2016 as the date the act came into operation. Vat is chargeable on imports and the supply of goods and services in kenya. The act has been structured to capture vat on other forms of trade which were not captured by the current vat. The value added tax act 2014 the united republic of tanzania no. Tax registration and deregistration under the act, a person is required to apply for registration as a taxpayer to the commissioner within 30 days after the.
Pwc september 20 june 2010 announcement august 2011 draft vat bill published january 2012 public forum june 2012 vat bill, 2012 published june 20 vat bill, 20 published 16 august 20 vat act, 20. Value added tax act, 2014 c value added tax act, 2014 an act to provide for the imposition assessment and collection of value added tax on the supply and importation of goods and services in the bahamas and for connected matters enacted by the parliament of the bahamas part i preliminary 1. Pursuant to section 67 of the value added tax act, 20, the cabinet secretary for the national treasury cs, recently published the vat regulations through legal notice 54 of 2017. The value added tax regulations, 2017 timely update.
Exercising these powers, on 7 april 2017 the cs treasury gazetted the value added tax regulations, 2017 vat regulations. The value added tax act, 20 vat act gives the cabinet secretary for the national treasury cs treasury powers to issue regulations to guide the implementation of the vat act. An act of parliament to impose a tax to be known as value added tax on goods delivered in, or imported into kenya. The standard rate of vat for all normal goods is 16%. Exercising these powers, on 7 april 2017 the cs treasury gazetted the value added tax regulations. However, some procedures were left in the specific tax acts. Amended by valueadded tax amendment act 61 of 1993. Text created by the government department responsible for the subject matter of the act to explain what the act sets out to achieve and to make the act accessible to readers who are not legally qualified.
The value added tax general amendment regulations, 2018 that came into force on 19 october 2018 amends the value added tax general regulations, 2015. Vat is an indirect tax on the consumption of goods and services in the economy. The sez act comes into operation on 15 december 2015, upon the expiry of 90 days from the date of its publication. Exempt goods importation of the following goods shall be vat exempt specific items tariff code description 1. An act of parliament to harmonise and consolidate the procedural rules for the administration of tax laws in kenya, and for connected proposes act no. Mar, 2019 tax procedures act, 2015 tpa was assented to on 15th december 2015 and commenced operations on 19th january 2016.
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