For the purposes of S.3(2)(a)(i) ITA
The following is deemed to be income derived in Kenya.
- All gains or profits from businesses carried partly within and outside Kenya by a resident person.
- Gains or profits from partnership subject to rules laid down in the ITA.
- Insurance compensation received.
- Any sum so recovered or released or no longer required as a reserve or provision.
- A balancing charge made or a trading receipt under second schedule.
- Gains or profits of a “licensee”, “contractor” or “sub-contractor” under Ninth Schedule.
- A foreign exchange gain or loss realized (a trading receipt or deductible expenses) ( s.4A ITA).
- Gains/profits of EPZ enterprises, the provisions of the Eleventh Schedule shall apply.
Deductible
Allowable Expenses
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