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The Income Tax Act - Exemption

Legal Notice 21 of 2007

This is the latest version of this Legal Notice.
The Income Tax Act - Exemption
Citation
Legal Notice 21 of 2007
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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 21 OF 2007

  • Published in Kenya Gazette Vol. CIX—No. 13 on 16 February 2007
  • Commenced on 9 February 2007
  1. [Revised by 24th Annual Supplement (Legal Notice 221 of 2023) on 31 December 2022]
The Cabinet Secretary responsible for Finance directs that the lump sum retirement benefits received by the employees of Jomo Kenyatta Foundation retrenchment under the restructuring programme approved by the Government on 12th July, 2006, shall be exempt from income tax under the Act:Provided that—
(a)the exemption shall not apply to other pension benefits paid to such employees;
(b)an employee who has been retrenched and who benefits from this exemption shall not be eligible for re-employment with the Jomo Kenyatta Foundation, in any capacity or under any terms whatsoever before the expiry of three years from the date of such retrenchment;
(c)the Jomo Kenyatta Foundation shall, in addition to complying with any directions that the Commissioner of Income Tax may give, furnish the Commissioner, in respect of every retrenched employee, with the name, date of retrenchment from the Jomo Kenyatta Foundation, the amount paid and a copy of the letter to the employee confirming such retrenchment.
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History of this document

31 December 2022 this version
16 February 2007
Read this version
09 February 2007
Commenced