Special Economic Zones in Kenya and Tax

Introduction

30th March 2017 was the national 2017/18 budget day for Kenya. This was a first since the country is used to budget readings in June.

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(Photo by Waka)

In the budget speech by the Cabinet Secretary (CS) for the National Treasury, there were several instances where tax incentives for Special Economic Zones (SEZs) were mentioned.

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VAT Monthly Returns in Kenya

Introduction

In Kenya, the VAT Act (2013) makes it mandatory to file VAT 3 monthly returns by the 20th day of the month after the end of the tax period.

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(Photo by Waka)

VAT period is one calendar month – from the start to the end of a calendar month. In case the 20th day falls on a holiday or a weekend, the VAT 3 returns are supposed to be made before then.

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