VAT news tagged as "Withholding"

Kenya

Kenya withholding VAT update

November 22nd, 2014

Kenya has updated the guidelines on its withholding VAT regime. Withholding VAT was introduced in 2003 as an anti-fraud measure. It involves the nominated customers acting as VAT collectors for transactions. Typically, the customers are governmental bodies, banks, insurance companies and exporters buying goods or services from commercial enterprises. New VAT guidance The clarification of …