Published On: Fri 10 , February, 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 the time being responsible for matters relating to Lands, directs that the instruments executed in respect of the purchase and transfer of Title No. Kisumu/Block 7/385 from Kenya National Assurance Company (2001) Limited of P.O. Box 20425-00200, Nairobi, to Maseno University of Private Bag, Maseno, shall be exempted from the provisions of the Act.
Dated the 14th January, 2006.
DAVID MWIRARIA,
Minister for Finance.

 

Published On: Fri 10 , February, 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 the time being responsible for matters relating to Lands, directs that the instruments executed in respect of the purchase and transfer of L.R. No. 12672/49 and L.R. No. 12672/50 from Ite Farmers Co-operative Society Limited of P.O. Box 42041, Nairobi, to the Registered Trustees of the Nest Children's Home Charitable Trust of P.O. Box 108, Limuru, shall be exempt from the provisions of the Act.
Dated the 14th January, 2006.
DAVID MWIRARIA,
Minister for Finance.

 

Published On: Fri 10 , February, 2006

IN EXERCISE of the powers conferred under section 13 (2) of the Income Tax Act, the Minister for Finance exempts from income tax the lump sum retirement benefits and the twenty per cent (20%) discount on the outstanding house and car loans received by employees of the Industrial and Commercial Development Corporation who opt to retire under the Voluntary Early Retirement Scheme approved by the Government on 7th October, 2005:
Provided that:-
an employee who opts for early retirement shall not be eligible for re-employment with the Industrial and Commercial Development Corporation, in any capacity or under any terms whatsoever, before the expiry of three (3) years from the date of such retirement; and
the Industrial and Commercial Development Corporation shall, in addition to complying with any procedures that the Commissioner of Income Tax may require, furnish the Commissioner, in respect of every employee being retired, with the name, date of retirement from the Industrial and Commercial Development Corporation, the amount paid and a copy of a letter confirming the retirement of the employee from the Corporation.
Dated the 25th January, 2006
DAVID MWIRARIA,
Minister for Finance.

 

 

 
 
 
 
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