LEGAL ALERT: VAT RATE AMENDMENT
Referencing our earlier Tax alert on the PROPOSED TAX & FISCAL MEASURES IN KENYA The cabinet Secretary National Treasury and planning has passed the amendment of the rate of tax on Value added tax.
“THE VALUE ADDED TAX ACT, 2013 (No. 35 of 2013) IN EXERCISE of the powers conferred by Section 6(1) of the Value Added Tax Act, 2013, the Cabinet Secretary for the National Treasury and Planning makes the following Order: — THE VALUE ADDED TAX (AMENDMENT OF THE RATE OF TAX) ORDER, 2020 1. This Order may be cited as the Value Added Tax (Amendment of the Rate of Tax) Order, 2020. 2. Section 5(2) of the Value Added Tax Act, 2013 is amended in paragraph (b) by deleting the words “sixteen per cent” and substituting therefor the words “fourteen percent”.
This Order shall become effective on the 1st April 2020.