Kenyan Parliament Considers Bill to Clarify VAT Exemption Date for Manufacturing Investments

• The Kenyan National Assembly accepted Bill No. 11 for consideration on March 20.
• The bill aims to clarify the effective date of the VAT exemption for manufacturing capital goods.
• The exemption applies to investments of at least 2 billion Kenyan shillings.
• The bill specifies that the effective date of the First Schedule of the VAT Act is 12 months from the start of the Tax Laws Amendment Act.
• The law is set to come into force on December 27, 2024.

Source: news.bloombergtax.com

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