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The Income Tax Act — Exemption

Legal Notice 61 of 1998

This is the latest version of this Legal Notice.
The Income Tax Act — Exemption
Citation
Legal Notice 61 of 1998
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 61 OF 1998

  • Published in Kenya Gazette Vol. C—No. 30 on 29 May 1998
  • Commenced on 22 May 1998
  1. [Revised by 24th Annual Supplement (Legal Notice 221 of 2023) on 31 December 2022]
The Cabinet Secretary responsible for Finance exempts from Income Tax, the lump sum payments received by employees of the Kenya Sugar Authority, who opt for voluntary early retirement prior to the 30th October, 1998, under the Sector Reform Programme, approved by the Government on the 27th July, 1997, subject to the following conditions:
(a)An employee who opts for early retirement shall not be eligible for re-employment with the Kenya Sugar Authority in any capacity, or under any terms whatsover before the expiry of three (3) years from the date on which he/she left service under the scheme.
(b)The Kenya Sugar Authority 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 service of Kenya Sugar Authority, the Amount paid and a copy of the agreement with the employee duly signed by the employee.
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History of this document

31 December 2022 this version
29 May 1998
Read this version
22 May 1998
Commenced