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Kenya: VAT changes among other measures in pending legislation

Kenya: VAT changes among other measures

Tax legislation pending consideration before Kenya’s Parliament includes measures that would exempt additional goods from the value added tax (VAT); allow an exemption from stamp duty for first-time purchases of residential housing; and exempt certain developers and operators in “special economic zones” from the tax on capital gains and from payment of the compensating tax.

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The Tax Laws (Amendment) Bill, 2018 also includes measures to revise the taxation of winnings from gaming, lottery, and betting activities and to increase the allowable deduction of savings under a registered home ownership savings plan.

These legislative provisions are in advance of the budget for 2018, expected to be presented in June 2018.

 

Read an April 2018 report [PDF 941 KB] prepared by the KPMG member firm in Kenya

 

For more information, contact a KPMG tax professional in Kenya:

Benson Ndung’u | bndungu@kpmg.com

Peter Kinuthia | pkinuthia@kpmg.co.ke

Clive Akora | cakora@kpmg.co.ke

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