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The Income Tax Act-Exemption

Legal Notice 163 of 1977

This is the latest version of this Legal Notice.
The Income Tax Act-Exemption
Citation
Legal Notice 163 of 1977
Primary work
Income Tax Act
Date
Language
English
Type
Legal Notice
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LAWS OF KENYA

INCOME TAX ACT

THE INCOME TAX ACT-EXEMPTION

LEGAL NOTICE 163 OF 1977

  • Published in Kenya Gazette Vol. LXXIX—No. 26 on 24 June 1977
  • Commenced on 24 June 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 the European Investment Bank (an institution established by the Treaty of Rome having its Head Office provisionally in Luxembourg), in so far as such income represents interest accrued in or derived from Kenya in respect of a loan of three million European Units of Account (equivalent to approximately thirty million shillings) made by the European Investment Bank to the East African Portland Cement Company Limited (a company incorporated in Kenya), under the provisions of a document described as a Finance Contract dated 11th May, 1977, made between the East African Portland Cement Company Limited and the European Investment Bank, shall be exempt from tax.
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History of this document

31 December 2022 this version
24 June 1977
Commenced
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