EYEY

Kenya Tax Appeal Tribunal rules income earned by registered pension scheme is exempt from income tax

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Kenya

  • The Tax Appeals Tribunal (the Tribunal) held that the total income of a registered pension scheme is exempt from income tax under the provisions of the Income Tax Act (ITA).
  • The Tribunal held that the provisions of the ITA did not provide for taxation of investment income attributable to excess pension contributions to the registered pension scheme.
  • On a separate issue, the Tribunal ruled in favor o…

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