KRA Issues Update on Organisations Exempted From Income Tax as Rules Take Effect
submitted 10 months ago by Samuelwriter_ke
submitted 10 months ago by Samuelwriter_ke
- The Kenya Revenue Authority has implemented new Income Tax Exemption Rules for Charitable Organizations, which came into effect on June 18, 2024.
- Organizations must comply with these rules, including restrictions on surplus funds and the need for a separate tax identification number for unrelated business activities, or risk losing their income tax exemption status.
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