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The Income Tax Act - Exemption

Legal Notice 137 of 1995

This is the latest version of this Legal Notice.
The Income Tax Act - Exemption
Citation
Legal Notice 137 of 1995
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 137 OF 1995

  • Published in Kenya Gazette Vol. XCVII—No. 16 on 31 March 1995
  • Commenced on 31 March 1995
  1. [Revised by 24th Annual Supplement (Legal Notice 221 of 2023) on 31 December 2022]
1.The Cabinet Secretary responsible for Finance exempts from Income Tax, the lump sum payments received by the employees of the Kenya Industrial Estates Limited who opt for voluntary early retirement prior to 31st December, 1995, under the Sector Reform Programme approved by the Government on 2nd November, 1994.
2.An employee who opts for early retirement shall not be eligible for re-employment with Kenya Industrial Estates Limited in any capacity or under any terms whatsoever before the expiry of three years from the date on which he left service under the scheme.
3.The Kenya Industrial Estates Limited shall, in addition to complying with any procedures that the Commissioner of Income Tax may require, furnish the Commissioner, in respect of each retiring employee, with the name, the date of retirement from the service of the Kenya Industrial Estates Limited, the amount paid and a copy of the agreement with the employee.
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History of this document

31 December 2022 this version
31 March 1995
Commenced
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