Value Added Tax Regulations 2017

Value Added Tax Regulations 2017

The Value Added Tax Act, 2013 (VAT Act) gives the Cabinet Secretary for the National Treasury (CS Treasury) powers to issue Regulations to guide the implementation of the VAT Act. Exercising these powers, on 7 April 2017 the CS Treasury gazetted the Value Added Tax Regulations, 2017 (VAT Regulations).

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Value Added Tax Regulations 2017

Under Section 67(2) of the VAT Act, the VAT Regulations will only take effect upon approval by the National Assembly. While we await the National Assembly approval, KPMG has analysed the VAT Regulations providing insights into the key changes from the current Regulations which are a holdover from the VAT Act, Cap. 476 which was repealed in 2013.

Some of the interesting provisions in the VAT Regulations, 2017, include:

  1. Elimination of the requirement to install and use tax registers; 
  2. A new clarification on what constitutes an export of services which if implemented will undermine Kenya’s position as a regional business hub; and 
  3. Invoicing requirement for VAT on imported services

You can access the analysis using the link below.


 

© 2017 KPMG Advisory Services Limited, a Kenyan Limited Liability Company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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