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The Income Tax Act - Exemption

Legal Notice 164 of 2010

This is the latest version of this Legal Notice.
The Income Tax Act - Exemption
Citation
Legal Notice 164 of 2010
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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 164 OF 2010

  • Published in Kenya Gazette Vol. CXII—No. 101 on 15 October 2010
  • Commenced on 8 October 2010
  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 of the seventy-two employees of the National Housing Corporation retrenched with effect from the 1st July, 2010, shall be exempt from the provision of the Act:Provided that—
(a)the exemption shall not apply to other pensions benefits paid to the employees;
(b)an employee who has been retrenched shall not be eligible for re-employment with the National Housing Corporation, in any capacity or under any terms whatsoever before the expiry of three years from the date of retrenchment; and
(c)the National Housing Corporation shall, in addition to complying with any conditions that the Commissioner of Income Tax may impose, furnish the Commissioner in respect of every employee being retrenched, with the name, date of retrenchment from the National Housing Corporation, the amount paid and a copy of the letter to the employee confirming retrenchment.
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History of this document

31 December 2022 this version
15 October 2010
Read this version
08 October 2010
Commenced