class="container container-header"

Payment Of Stamp Duty & Capital Gains Tax

24 March 2020

1 minute read

Payment of Stamp Duty & Capital Gains Tax
In the wake of increased cases of the spread of Corona Virus (COVID-19), we hope you are well. This is to inform you that the government has announced reforms aimed at simplifying Stamp Duty Payment.  Through a Public Notice, the Kenya Revenue Authority informs that it will no longer be conditional to present a Capital Gain Tax Acknowledgement Slip before Stamp Duty payment is processed. According to the Notice, the process will be completed on the iTax system. In the Notice, the Kenya Revenue Authority emphasizes that transfer of property still attracts Capital Gains Tax which is payable by the transferor on or before the 20th day of the following month in which the transfer of property is affected. We remind you to keep taking safety precautionary measures as advised by the government. On any tax related advisory you may require, please feel free to contact our Tax Unit through Mr. Cyrus Maina via 0721869790 or on email via law@cmadvocates.com.

Related blogs & news

Tax Alert on Presumptive Tax

Kenya Revenue Authority (KRA) has issued a public notice on 6th January 2020 on the implementation of Turnover Tax (TOT) and Presumptive Tax effective from 1st January 2020....

Requirements for Claiming Input Vat

Copyright is an (intellectual) property right conferred to Works such as musical, literary, artistic, sound recordings, broadcasts, audiovisual and photographic creations inter alia. A Work is eligible for copyright protection if it is original to the creator, reduced into material/fixed form and the author must be a qualified person....

Processing of Tax Waiver Applications

This is to inform you that the government has announced that it is processing tax waiver applications. Through a Public Notice, the Kenya Revenue Authority (KRA) informs that it has finalised the roll out of the iTax system enhancements for processing of the waiver applications and has embarked on clearing its backlog. ...


section separator logo

Let us take it from here.

+254 716 209673

law@cmadvocates.com

Skip to contentHomeAbout UsInsightsServicesContactAccessibility