Showing posts with label KRA. Show all posts
Showing posts with label KRA. Show all posts

Sunday, 15 January 2017

Breaking- Revision of Individual Income Tax Rates (Effective 1st January 2017)


Kenya Revenue Authority wishes to notify Employers, Employees and the Public, that the Government, through the Finance Act 2016 has revised the Residents individual rates of tax and increased the personal relief from ksh 13,944 Per Annum to ksh 15,360 Per Annum with effect from 1st January 2017.


For more details download PUBLIC NOTICE - REVISION OF INDIVIDUAL INCOME TAX RATES.pdf


Saturday, 19 September 2015

What items are exempt from duty upon importation?

The Fifth Schedule to the East African Community Customs Management Act 2004 lays out the Exemptions Regime;
Part A – Specific Exemptions ‘Privileged Persons and Institutions’
Part B – General Exemptions ‘Exempt Goods’

What is the maximum age of second hand motor vehicles allowed into the country

What is the maximum age of second hand motor vehicles allowed into the country?

Motor vehicles of over 8 years old are not allowed into Kenya as per the KS 1515:2000 quality standard by the Kenya Bureau of Standards. Kenya Customs enforces this requirement.
This year, we are allowing vehicles manufactured in the year 2001 and thereafter.

Friday, 18 September 2015

What is the procedure and the requirements for importation into Kenya and clearance through Customs?

To import any commodity into Kenya, an importer will have to enlist the services of a clearing agent who will process the import documentation through Kenya Customs electronically on the Simba 2005 system and clear the goods on your behalf.
To view a listing of licensed clearing agents, click here.
           
An import declaration fee (IDF) of 2.25% of the CIF Value subject to a minimum of Ksh. 5,000.00 is payable.
Customs will assess duty payable depending on the value of the item(s) and the duty rate applicable. The East African Community Common External Tariff laying out the duty rates of imported items is available here.