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The Income Tax Act-Exemption

Legal Notice 83 of 1979

This is the latest version of this Legal Notice.
The Income Tax Act-Exemption
Citation
Legal Notice 83 of 1979
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 83 OF 1979

  • Published in Kenya Gazette Vol. LXXXI—No. 20 on 11 May 1979
  • Commenced on 11 May 1979
  1. [Revised by 24th Annual Supplement (Legal Notice 221 of 2023) on 31 December 2022]
The Cabinet Secretary for Finance hereby provides that the income of the Union Bank of Switzerland (a company incorporated in Switzerland), in so far as such income represents interest accrued in, or derived from Kenya in respect of a loan of ninety-seven million and three hundred and twenty-five thousand Swiss francs (equivalent to approximately four and twenty-five million, three hundred and ten thousand Kenya shillings) made by the Union Bank of Switzerland to the Kenya Chemical and Food Corporation Limited (a company incorporated in Kenya) under the provisions of a document described as a Loan Agreement dated 2nd December, 1977 made between the Kenya Chemical and Food Corporation Limited and Union Bank of Switzerland shall be exempt from tax.
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31 December 2022 this version
11 May 1979
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