Skip to document content Go to main menu Go to search

The Income Tax Act - Exemption

Legal Notice 138 of 2005

This is the latest version of this Legal Notice.
The Income Tax Act - Exemption
Citation
Legal Notice 138 of 2005
Primary work
Income Tax Act
Date
Language
English
Type
Legal Notice
Original enactment
Download original enactment (PDF) (6.1 MB)
Related documents
Skip to document content
LAWS OF KENYA

INCOME TAX ACT

THE INCOME TAX ACT - EXEMPTION

LEGAL NOTICE 138 OF 2005

  • Published in Kenya Gazette Vol. CVII—No. 84 on 2 December 2005
  • Commenced on 25 November 2005
  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 retirement benefits received by employees or the Kenya National Trading Corporation Limited, under the Retrenchment Scheme, approved by the Government on 16th April, 2004 and 28th June, 2005, respectively:Provided that—
(a)an employee who has been retrenched shall not be eligible for re-employment with the Kenya National Trading Corporation Limited, in any capacity or under any terms whatsoever before the expiry of three (3) years from the date of such retrenchment;
(b)the Kenya National Trading Corporation Limited shall, in addition to complying with any procedures that the Commissioner of Income Tax may require, furnish the Commissioner, in respect of every employee being retrenched, with the name, date of retrenchment from the Kenya National Trading Corporation Limited, the amount paid and a copy of the letter to the employee confirming such retrenchment.
▲ To the top

History of this document

31 December 2022 this version
02 December 2005
Read this version
25 November 2005
Commenced