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Source: Business Daily Africa, December 13, 2017
In his 2017/18 Budget statement, Treasury secretary Henry Rotich said Kenyans who had stashed wealth abroad had an additional six months ending June 30, 2018 to enjoy the tax amnesty introduced by the Finance Act 2016.
The amnesty procedures now require interested taxpayers to file their returns declaring such income and repatriate it to Kenya.
The regulations published after the tax amnesty were unclear on certain conditions that were not included in the Finance Act, necessitating amendments in Finance Act 2017.
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George Maina
Associate Partner
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