The Statute Law (Miscellaneous Amendments) Act, 2019 which was signed into law on 5th July 2019 has introduced amendments to the Value Added Tax (VAT) Act 2013 effective 23rd July 2019.
Key highlights of this amendment include:
In our view, this amendment is a step in the right direction and it will generally reduce working capital and cash flow challenges for SMEs. In particular, registered taxpayers making zero-rated supplies (mostly exporters) are set to benefit by offsetting VAT credits against PAYE and Income Tax obligations.
Learn more by clicking this link Kenya VAT Refunds and Offsets.