News FlashesMay 13, 2022CRS News Flash 12 May 2022 – KENYA – Finance Bill, 2022

MAY 2022 – KENYA
FINANCE BILL, 2022
It is important that employers note the following:

Kenya Finance Bill, 2022 published
Following the 2022/2023 Budget Speech delivered on 7 April 2022, the Finance Bill, 2022 was published on 8 April 2022 in Kenya Gazette Supplement No. 67.

Amendments of importance to employers are:

Section 2 of the Income Tax Act – Definitions/Interpretations

Section 5 (5) (a) of the Income Tax Act – Income from employment, etc.

Section 5 (6) (a) of the Income Tax Act – Income from employment, etc.

Section 31 (1) (a) of the Income Tax Act – Insurance Relief

To view Kenya Gazette Supplement No. 67, follow the link.

 

 

Contact our legislation team at info@crs.co.za if you require any additional information. 

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