Income Tax Act | Cap. 470 — Kenya law | Esheria

Income Tax Act

The Act is called the Income Tax Act and, subject to the Sixth Schedule, comes into operation on 1st January 1974 and applies to assessments for the year of income 1974 and subsequent years.

Jurisdiction
Kenya
Instrument
Act or statute
Citation
Cap. 470
Version
1 Jul 2025
Language
en
Official source
View official record ↗

Source attribution: Source: Kenya Law

Statute overview

About this statute

The Act is called the Income Tax Act and, subject to the Sixth Schedule, comes into operation on 1st January 1974 and applies to assessments for the year of income 1974 and subsequent years. Defines qualifying interest for joint husband-and-wife accounts; caps aggregate interest on housing bonds at three hundred thousand shillings; permits record-keeping in written or specified electronic/mechanical forms. Section 10 lists specified categories of income and deems payments made or facilitated by owners or operators of digital marketplaces/ platforms for digital content monetisation, property or services to be income accruing in or derived from Kenya. Income received by a person in his capacity as a trustee, executor or administrator is treated as that trustee's (or executor's/administrator's) income; trustees may designate amounts paid as qualifying dividends or qualifying interest (deemed already tax paid); designated cumulative totals must not exceed qualifying amounts received. Advance tax is payable on every commercial vehicle from 1 January 1996 at the rates in the Third Schedule.

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