Repeals and transitional
(1)This Act shall have effect notwithstanding any Act of the Community and shall not be construed as being repealed by any Act of the Community enacted hereafter.(2) Subject to subsection (4), the Management Act shall, not withstanding anything contained in the Treaty for East African Co-operation Act, cease to have the force of law in Kenya with effect from 1st January, 1974.
(3) Subject to subsection (4), the Income Tax (Allowances and Rates)(No. 2) Act, 1971, is repealed.
(4) Notwithstanding subsections (2) and (3), the Management Act, and the Income Tax (Allowances and Rates)(No. 2) Act, 1971, shall remain in force for all purposes in relation to the year of income 1973 and previous years of income and the Income Tax (Allowances and Rates)(no. 2) Act, 1971, shall be read and construed as if, when enacted, the Second Schedule thereto contained the following additional paragraph – 3.
- The non-resident tax rates shall be the rates set out in paragraph 1 of the Third Schedule to this Act and for the purposes of this paragraph those rates shall be charged from 18th June, 1971.
(6) Notwithstanding the repeal of the Second Schedule, the provisions of paragraph 24E of the repealed Schedule shall continue to be in force until
(7) Subject to the provisions of section 12 of this Act, any investment allowance on any written down values as at the date of commencement of this Act, shall be claimed on a straight-line basis. (Finance Act 2021- wef-01July2021)
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