Payment of Stamp Duty and Capital gains tax

Kenya Revenue Authority informs the public that it is in the process of simplifying the Stamp Duty payment process on the iTax system and thereby expediting the payments. Following the changes, it will no longer be conditional to present a Capital Gains Tax Acknowledgement Slip before a Stamp Duty payment is processed. This reform is expected to improve the ease of doing business by creating efficiency in the process and promoting investments.

KRA emphasizes that the transfer of property still attracts Capital Gains Tax which is payable by the transferor of the property on or before the 20th day of the following month in which the transfer of property is effected.

Source: KRA Public Notices 23/02/2020

https://www.kra.go.ke/en/media-center/public-notices/800-payment-of-stamp-duty-capital-gains-tax

 

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