THE NEW AMENDMENT TO THE VAT ACT, 2013 THAT TIGHTENED THE NOOSE ON THE VAT INPUT CLAIMS IN KENYA
On 30th June 2020, President Uhuru Kenyatta approved the Finance Act, 2020. The changes will tremendously affect the business environment in Kenya especially since most taxpayers are still recovering from the adverse effects of the COVID-19 Pandemic. The Act introduces an additional requirement on VAT as below;
‘a person claiming input tax will only be able to do so if the input tax claimed has been declared as output tax by the seller for VAT purposes’ W.e.f. 30th June 2020.
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