Published On: Fri 23 , June, 2006

  IN EXERCISE of the powers conferred by section 13 (2) of the Income Tax Act, the Minister for Finance directs that all the income of the Kenya Ordnance Factories Corporation accruing and derived from Kenya with effect from the 25th July, 1997, shall be exempt from the provisions of the Act.
Dated the 6th April, 2006.
AMOS KIMUNYA,
Minister for Finance.

 

Published On: Fri 23 , June, 2006

  IN EXERCISE of the powers conferred by section 13 (2) of the Income Tax Act, the Minister for Finance exempts from income tax the lump sum retirement benefits received by employees of Telkom Kenya Limited retrenched under the Restructuring Scheme, approved by the Government on 27th February, 2006 shall be exempt from the provisions of Act:
Provided that-

  • a) An employee who has been retrenched shall not be eligible for re-employment with Telkom Kenya Limited in any capacity or under any terms whatsoever before the expiry of three years from the date of retrenchment.


•b)  Telkom Kenya Limited shall, in addition to complying with any directions that the Commissioner of Income Tax may give, furnish the Commissioner in respect of every employee being retrenched with the name, date of retrenchment, amount of retirement benefits paid and a copy of the letter to the employee confirming the retrenchment.
Dated the 24th May, 2006
AMOS KIMUNYA,
Minister for Finance.

 

Published On: Fri 18 , August, 2006

IN EXERCISE of the powers conferred by section 118 of the Customs and Excise Act, the Minister for Finance declares that the duty payable on wheat flour, Tariff No. 1101.00.00, imported from Egypt and Mauritius being Member States of the Common Market for Eastern and Southern Africa (COMESA) shall be reduced by one hundred per centum subject to the provisions of the Schedule.
SCHEDULE
1.  To qualify for reduction of the duty under this notice, the wheat flour shall meet the requirements of the Rules of Origin as set out in the Protocol on the Rules of Origin for Products to be Traded between the Member States of the COMESA.
Provided that this notice shall-
(a)  in the case of Egypt, apply to the importation of up to 32,400 metric tones of wheat flour;
(b)  in the case of Mauritius, apply to the importation of up to 2,366 metric tones of wheat flour;
2.  The respective quantities of wheat flour to be imported by each importer under the proviso to paragraph (1) shall be determined, prior to importation, in accordance with a non-discriminatory auction system as may be prescribed by the Minister for the time being responsible for agriculture.
The provisions of this notice shall expire on the 31st May, 2007.
Legal Notice No. 29 of 2006, is revoked.
Made on the 7th August, 2006.
AMOS KIMUNYA,
Minister for Finance.

 

Published On: Fri 18 , August, 2006

IN EXERCISE of the powers conferred by section 106 of the Stamp Duty Act, the Minister for Finance, on the recommendation of the Minister for Lands, directs that the instruments executed in respect of the transfer of land L.R. No. 27342 from Epren Academy Limited of P.O. Box 28026, Nairobi to Omeriye Educational and Medical Foundation Charitable Trust of P.O. Box 13413-00100, Nairobi, shall be exempted from the provisions of the Act:
Provided that the land shall be used for charitable purposes and that no resale without recovery of Stamp Duty.
Dated the 8th August, 2006.
AMOS KIMUNYA,
Minister for Finance.

 

Published On: Fri 18 , August, 2006

IN EXERCISE of the powers conferred by section 106 of the Stamp Duty Act, the Minister for Finance, on the recommendation of the Minister for Lands, directs that the instruments executed in respect of the transfer of land L.R. No. 209/6617/1 situate in Nairobi from Industrial Development Bank Limited, of P.O. Box 44036-00100, Nairobi to the Institute of Certified Public Secretaries of Kenya, of P.O. Box 46935-00100, NAIROBI, shall be exempt from the provisions of the Act.
Dated the 14th August, 2006.
AMOS KIMUNYA,
Minister for Finance.

 

Published On: Fri 18 , August, 2006

IN EXERCISE of the powers conferred by section 13 (2) of the Income Tax Act, the Minister for Finance directs that the lump sum retirement benefits received by 83 employees who retired under the 50 year rule with effect from 1st September, 2005, 38 who voluntarily opted to retire with effect from 1st July, 2005 and 253 who were retrenched with effect from 1st July, 2006 from the Kenya Broadcasting Corporation under the Staff Rationalization Programme, approved by the Government on 4th May, 2006, shall be exempt from the provisions of the Act:
Provide that-
(a)  the exemption shall not apply to other pension benefits paid to such employees;
(b)  an employee who has been retired or retrenched shall not be eligible for re-employment with the Kenya Broadcasting Corporation, in any capacity or under any terms whatsoever before the expiry of three (3) years from the date of such retirement or retrenchment;
(c)  the Kenya Broadcasting Corporation shall, in addition to complying with any directions that the Commissioner of Income Tax may give, furnish the Commissioner, in respect of every retiring or retrenched employee, with the name, date of retirement or retrenchment from the Kenya Broadcasting Corporation, the amount paid and a copy of the letter to the employee confirming such retirement or retrenchment.
Dated the 14th August, 2006.
AMOS KIMUNYA,
Minister for Finance.

 
 
 
 
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