Kenya VAT changes
Fri 12th Jun 2015
The new 2015/16 budget for Kenya includes a number of VAT changes, including:
- Good in transit will be nil rated instead of exempt from VAT, meaning input suffered will be recoverable
- VAT credits in returns will be refundable within 12 months of application
- Goods provided for the construction of capital works in industrial estates will now be exempted
The current Kenyan VAT rate is 16%. There is no reduced rate, but there is a nil rate and zero rating.