MPs approve motion to exempt Japanese firms from income tax - KBC

The National Assembly has approved a motion seeking to exempt Japanese companies, employees and consultants from paying income tax.

The Committee on Delegated Legislation chaired by Tiaty Member of Parliament William Kamket made the recommendation in a report to the house on Wednesday targeting projects being implemented under government-to-government agreements.

The Committee on Delegated Legislation, chaired by Tiaty MP Hon William Kamket has recommended, in a report to the house, the Exemption from Income Tax of Japanese Companies, Employees, and Consultants working on projects agreed upon between the govts of Kenya and Japan. pic.twitter.com/ypbOFJlmYa

— National Assembly KE (@NAssemblyKE) May 19, 2021

In Kenya, income tax is charged annually on income accrued in or was derived from the country by residents and non-residents.

The tax include corporate tax, Pay As You Earn(PAYE) and withholding tax.

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