Kenya High Court clarifies 'use of an asset' definition for purposes of claiming of investment allowance

28 June 2023|Tax Alerts, Information Reporting, National/Federal Taxation|Kenya

The High Court of Kenya upheld a Tax Appeals Tribunal ruling that the Kenyan Income Tax Act did not provide the definition of the word “use” and therefore relied on the literal meaning provided in the Cambridge Dictionary, which defined the word as “to put something to a particular purpose.”
In this case, the taxpayer averred that its manufacturing plant was put into use in June 2019, following the production of its first and second batches of products for sale. But, the Kenya Revenue Authority …

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