Skip to document content Go to main menu Go to search

The Income Tax Act-Exemption

Legal Notice 121 of 2014

This is the latest version of this Legal Notice.
The Income Tax Act-Exemption
Citation
Legal Notice 121 of 2014
Primary work
Income Tax Act
Date
Language
English
Type
Legal Notice
Original enactment
Download original enactment (PDF) (342.0 KB)
Related documents
Skip to document content
LAWS OF KENYA

INCOME TAX ACT

THE INCOME TAX ACT-EXEMPTION

LEGAL NOTICE 121 OF 2014

  • Published in Kenya Gazette Vol. CXVI—No. 110 on 12 September 2014
  • Commenced on 12 September 2014
  1. [Revised by 24th Annual Supplement (Legal Notice 221 of 2023) on 31 December 2022]
The Cabinet Secretary for the National Treasury directs that the lump sum retirement benefits paid to the eight employees of the Kenya Marine and Fisheries Research Institute who opted to retire under the Voluntary Early Retirement Scheme between the 1st October, 2010 and the 1st December, 2012, shall be exempt from the provisions of the Act:Provided that—
(a)the exemption shall not apply to other pension benefits paid to the employees; and
(b)the Kenya Marine and Fisheries Research Institute shall, in addition to complying with any conditions that the Commissioner of Income Tax may impose, furnish the Commissioner of Income Tax in respect of every employee that retired with—
(i)the name and date of retirement from the Kenya Marine and Fisheries Research Institute;
(ii)the amount of pension benefit paid upon retirement; and
(iii)a copy of the letter to the employee confirming the retirement.
▲ To the top

History of this document

31 December 2022 this version
12 September 2014
Commenced
Read this version