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The Income Tax Act — Exemption

Legal Notice 302 of 1996

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The Income Tax Act — Exemption
Citation
Legal Notice 302 of 1996
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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 302 OF 1996

  • Published in Kenya Gazette Vol. XCVIII—No. 55 on 11 October 1996
  • Commenced on 11 October 1996
  1. [Revised by 24th Annual Supplement (Legal Notice 221 of 2023) on 31 December 2022]
1. The Cabinet Secretary responsible for Finance subject to the conditions in paragraph (2) and (3) exempts from income tax the lump sum payments received by the employees of the Agricultural Development Corporation who opted for early retirement prior to 31st December, 1996, under the scheme known as "Voluntary Severance Scheme" in accordance with the written agreement between the Agricultural Development Corporation and its employees, and approved by the Government under the Parastatal Reform Programme.2. A person who opts for early retirement shall not be eligible for re-employment with Agricultural Development Corporation in any capacity or under any terms whatsoever, whether on temporary, permanent or contract basis, before the expiration of three years from the date on which he left service under the scheme.3. The Agricultural Development Corporation shall, in addition to complying with any procedures the Commissioner of Income Tax may require, furnish the Commissioner, in respect of each retiring employee, the name, the date of retirement from the Agricultural Development Corporation, the amount paid, and a copy of the agreement for the Voluntary Severance Scheme duly signed by the employee.
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History of this document

31 December 2022 this version
11 October 1996
Commenced
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