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The Income Tax Act — Exemption

Legal Notice 131 of 2002

This is the latest version of this Legal Notice.
The Income Tax Act — Exemption
Citation
Legal Notice 131 of 2002
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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 131 OF 2002

  • Published in Kenya Gazette Vol. CIV—No. 48 on 19 July 2002
  • Commenced on 19 July 2002
  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 Railways Corporation who opt for voluntary early retirement prior to the 30th June, 2003, under the Sector Reform Programme approved by the Government on the 10th February, 2002:Provided that—
(a)an employee who opts for early retirement shall not be eligible for re-employment with the Kenya Railways Corporation in any capacity or under any terms whatsoever before the expiry of three (3) years from the date on which he/she left the service under the scheme; and
(b)the Kenya Railways Corporation 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 Railways Corporation, the personal identification number, the amount paid and a copy of the agreement duly signed with the employee.
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History of this document

31 December 2022 this version
19 July 2002
Commenced
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