Financial Act 2016

The Finance Bill 2016 was tabled in the National Assembly by the Cabinet Secretary (“CS”) National Treasury on 8th June 2016. The same has been extensively debated by the Members of the Assembly and the final Bill was assented by the President on 13th September 2016. The Act introduces amendments to the Income Tax Act (“ITA”), Value Added Tax 2013 (“VAT Act”), the Excise Duty Act 2015 (“Excise Act”), the Tax Procedures Act 2015 (“TPA”) and various other Acts under the Miscellaneous Provisions. We analyze the amendments below;

See amendments: Financial Act 2016