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The Income Tax Act — Exemption

Legal Notice 182 of 2001

This is the latest version of this Legal Notice.
The Income Tax Act — Exemption
Citation
Legal Notice 182 of 2001
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 182 OF 2001

  • Published in Kenya Gazette Vol. CIV—No. 1 on 4 January 2002
  • Commenced on 31 December 2001
  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 lumpsum payments received by employees of the Kenya Reinsurance Corporation Limited who opt for voluntary early retirement prior to the 28th February, 2002 under the Sector Reform Programme approved by the Government on the 29th November, 2001:Provided that —
(a)an employee who opts for early retirement shall not be eligible for re-employment with the Kenya Reinsurance Corporation Limited in any capacity or under any terms whatsoever before the expiry of three (3) years from the date on which he or she left service under the scheme;
(b)the Kenya Reinsurance Corporation 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 Reinsurance Corporation Limited, the personal identification number, 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
04 January 2002
Read this version
31 December 2001
Commenced