Certain income exempt from tax.
(1)
Notwithstanding anything in Part II, the income specified in Part
I of the First Schedule, which accrued in or was derived from Kenya shall be
exempt from tax to the extent so specified.
(2)
The Minister may, by notice in the Gazette, provide -- (a) that income or a class of income which accrued in or was derived from Kenya shall be exempt from tax to the extent specified in the notice;
- (b) that an exemption under subsection (1) shall cease to have effect either generally or to the extent specified in the notice.
(3)
A notice under subsection (2) shall be laid before the National
Assembly without unreasonable delay, and if a resolution is passed by the
assembly within twenty days on which it next sits after the notice is so laid that
the notice be annulled, it shall thenceforth be void, but without prejudice to the
validity of anything previously done thereunder, or to the issuing of a new
notice.
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