The Income Tax Act - Exemption

Legal Notice 226 of 1989

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The Income Tax Act - Exemption
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LAWS OF KENYA

INCOME TAX ACT

THE INCOME TAX ACT - EXEMPTION

LEGAL NOTICE 226 OF 1989

  • Published in Kenya Gazette Vol. XCI—No. 30 on 21 July 1989
  • Commenced on 21 July 1989
  1. [Revised by 24th Annual Supplement (Legal Notice 221 of 2023) on 31 December 2022]
The Cabinet Secretary responsible for Finance directs that all payments of interest payable on the loan under the loan agreement specified in the Schedule hereto shall be exempt from tax.The loan agreement dated 18th July, 1989 for the value of French Francs 120,000,000 (one hundred and twenty million French Francs) between the Government of Kenya as the borrower and the following lenders:
1.Banque Francaise du Commerce Exterieur, whose registered office is 21 Boulevard Haussmann, 75009 Paris, France.
2.Credit National, whose registered office is 45 Rue St. Dominique, 75007 Paris, France.
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31 December 2022 this version