The Income Tax Act - Exemption

Legal Notice 61 of 2007

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Legal Notice 61 of 2007
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Income Tax Act
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English
Type
Legal Notice
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LAWS OF KENYA

INCOME TAX ACT

THE INCOME TAX ACT - EXEMPTION

LEGAL NOTICE 61 OF 2007

  • Published in Kenya Gazette Vol. CIX—No. 35 on 18 May 2007
  • Commenced on 18 May 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 Kenya Railways Corporation retrenched under the restructuring programme approved by the Government on 12th March, 2007, 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 Kenya Railways Corporation, in any capacity or under any terms whatsoever before the expiry of three (3) years from the date of such retrenchment;
(c)the Kenya Railways Corporation 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 Kenya Railways Corporation, the amount paid and a copy of the letter to the employee confirming such retrenchment.
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31 December 2022 this version
18 May 2007
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