The Income Tax Act-Exemption

Legal Notice 126 of 1977

This is the latest version of this Legal Notice.
Citation
Legal Notice 126 of 1977
Primary work
Income Tax Act
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Language
English
Type
Legal Notice
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LAWS OF KENYA

INCOME TAX ACT

THE INCOME TAX ACT-EXEMPTION

LEGAL NOTICE 126 OF 1977

  • Published in Kenya Gazette Vol. LXXIX—No. 22 on 27 May 1977
  • Commenced on 27 May 1977
  1. [Revised by 24th Annual Supplement (Legal Notice 221 of 2023) on 31 December 2022]
The Cabinet Secretary for Finance and Planning hereby provides that the income of Morgan Grenfell & Company Limited (a company incorporated in the United Kingdom) in so far as such income represents interest accrued in or derived from Kenya in respect of a loan of two million pounds sterling made by Morgan Grenfell & Company Limited to the Industrial Development Bank Limited (a company incorporated in Kenya) under the provisions of a document described as a Financial Agreement dated the 14th day of January, 1977, made between the Industrial Development Bank Limited and Morgan Grenfell & Company Limited, shall be exempt from tax.
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31 December 2022 this version
27 May 1977
Commenced
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