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D&Q Mining is a high-tech company integrating R&D, production and sales. It provides mature products and solutions such as crushers, sand making, milling equipment, mobile crushing stations, etc., for aggregate, mining and waste recycling.

is quarrying business subject to vat in kenya

Value Added Tax (VAT) KRA Kenya Revenue Authority

Value Added Tax is charged on supply of taxable goods or services made or provided in Kenya and on importation of taxable goods or services into Kenya. Who should register for VAT? Any person, individual, company or partnership that has supplied or expect to supply taxable goods worth Kshs. 5,000,000 and above within 12 months; you MUST register for VAT.

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ALL YOU NEED TO KNOW ABOUT VALUE ADDED TAX

The supply or importation of goods or services that are designated as exempt are not subject to VAT and as such, their sale does not constitute a taxable supply for VAT registration purposes. There are 3 VAT rates: the general rate at 14%, 8% on petroleum products and zero rate. Zero-rated supplies are taxable at the rate of 0% and the related input tax thereof deductible. Registered persons

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A simple guide to VAT in Kenya

27/01/2020· The standard Value Added Tax rate in Kenya in accordance to current Value Added Tax (VAT) Law is 16%. Value Added Tax is an indirect form of tax levied on most goods and services purchased and is borne by the final consumer of the goods and services. Basically, it is the difference between what a producer pays for inputs e.g. raw materials and advertisements, and what they

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Doing business in Kenya: overview Practical Law

Value added tax (VAT) is charged on the supply of taxable goods or services made in Kenya and on the import of taxable goods or services into Kenya. The rate for VAT is either 0% in the case of zero-rated supplies or 16% in other cases.

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List of VAT Exempt Goods in Kenya Tuko.co.ke

11/10/2018· Based on the above list of VAT exempt goods in Kenya and VAT exempt services in Kenya, Kenyans can now easily identify the goods that are taxed at 16% or 0%. Zero rating makes supplies cheaper since the tax rate is zero. On the other hand, exempt supplies are not taxable, therefore suppliers dealing in exempt supplies do not have to register for VAT because they are not liable for

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VALUE ADDED TAX REGISTRATION IN KENYA (VAT)

31/07/2020· VALUE ADDED TAX REGISTRATION IN KENYA (VAT) In the production process, there are multiple varying stages and VAT (value-added tax) is charged at every point of the chain, from start to point of sale. The VAT amount paid by a user depends on the cost of the product and whether it has already been taxed. Kenya has a VAT system in place, charged on taxable goods and services, along

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VAT Kenya VAT Registration VAT Certificate e-kenya

Companies, working and functioning in Kenya but registered elsewhere have to register for VAT if the amount of business they handle with Kenya crosses the VAT mark. Additionally, they should employ a VAT agent, also called a local Fiscal Representative. Tax certificates do not have to be renewed, once received. Furthermore, VAT currently stands

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How to calculate VAT in Kenya Tuko.co.ke

In Kenya, as per the law, a taxpayer is registered for Value Added Tax (VAT) under two instances, namely: voluntary and mandatory. Who pays VAT in Kenya? Registration of a taxpayer under the voluntary circumstance is applicable when the turnover is below the Kshs 5 million thresholds. On the other hand, mandatory is applied when a business person is registered by KRA since they failed to

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Treasury gazettes reduction of VAT to 14% after Uhuru

26/03/2020· The government has gazetted the reduction of VAT from 16 to 14 per cent, following President Uhuru Kenyatta's directive. Uhuru on Wednesday directed the National Treasury to reduce VAT

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Can I reclaim Kenyan VAT & withholding tax on our invoice

Looks like VAT is charged on imports (services included) in to Kenya from 1990. The tax treaty doesn't specifically cover VAT but states: The tax treaty doesn't specifically cover VAT but states: This Agreement shall also apply to any identical or substantially similar taxes which are imposed by either Contracting State after the date of signature of this Agreement in addition to, or in place

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VALUE ADDED TAX ACT Kenya Law Reports

Imported goods subject to customs control. 17. Any person leaving Kenya or business liquidated. 18. Collection of tax by distraint. 19. Power to collect tax from person owing money to the taxable person. 19A. Appointment of tax withholding agents. 19B. Preservation of funds. 20. Security on property for unpaid tax. 21. Tax payable to Commissioner. 22. Tax to be recovered as civil debt. 22A

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Kenya: What 2021 Holds For Businesses As New Taxes

The Government of Kenya, in a bid to cushion citizens from the adverse impact of the economy nose-dive caused by the pandemic, introduced various tax measures in April 2020. According to the VAT Order issued by the CS National Treasury and Planning, VAT was reduced from 16% to 14%. Additionally, Parliament promulgated the Tax Laws (Amendment) Act, 2020 pursuant to which a raft of tax changes

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Kenya Import Tariffs Privacy Shield

Kenya applies tariffs based on the international harmonized system (HS) of product classification, and applies duties and tariffs of the East African Community (EAC) Common External Tariff. In general, Customs duty is levied at rates between 0% and 100%, with an average rate of 25%.Imports into Kenya are subject to a standard VAT rate of 16%, levied on the sum of the CIF value, duty, and other

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Kenya's recent tax changes and Oxford Business Group

Kenya has a broad taxation system covering income taxes, value-added tax (VAT) and Customs and excise duty. These are governed by independent legislations that make provisions for the charge, assessment and collection of the respective taxes. The Kenya Revenue Authority (KRA) has different sections that deal with the above taxes and have authority to undertake reviews on companies to

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Kenya Corporate Taxes on corporate income

Resident companies are taxable in Kenya on income accrued or derived from Kenya. Resident companies with business activities outside Kenya are also taxed on income derived from business activities outside of Kenya. Non-resident companies are subject to Kenya corporate income tax (CIT) only on the trading profits attributable to a Kenyan PE.

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Corporate Tax BDO

Value Added Tax; Double taxation and treaties; Residency definition. A company is tax resident in Kenya if: It is incorporated under Kenyan law. The management and control of its affairs are exercised in Kenya for any given year of income; or; If the Cabinet Secretary in charge of the National Treasury declares the company to be tax resident for a particular year of income in a notice

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THE TAX LAWS (AMENDMENT) BILL, 2020 RSM Kenya

The VAT registration limit still is KShs 5 million. This limit does not apply to income from rental income and management, professional or training fees. This is a great move as it will simplify income tax obligations of small businesses. A person who is subject to this tax, can still write to the Commissioner to be subjected to corporation tax. The collection of presumptive tax at 15% of the

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Goods Exempted from Tax in Kenya Venas News

28/06/2017· Home BUSINESS Goods Exempted from Tax in Kenya. Goods Exempted from Tax in Kenya. June 28, 2017. 339. Twitter. WhatsApp. Linkedin. Email. Telegram . Payment of tax in Kenya is compulsory, but there are goods exempted from tax. If you want to trade in any of these goods ,you will do it without paying tax . Exemptions From Duty : In accordance with section 117(2) of the Customs

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TAXATION: QUESTIONS AND ANSWERS

16/05/2012· Local suppliers to EPZ businesses are treated as exporters and exports are zero rated. They charge V.A.T at zero rate ( zero output VAT) on such supplies but they have to complete the usual export entry forms and maintain copies thereof duly certified by a proper office of customes at their business premises.

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TAXATION BAR EXAM QUESTIONS ON VALUE-ADDED TAX

c) Subject to the 12% VAT only; d) Exempt from both the 3% common carriers tax and 12% VAT. SUGGESTED ANSWER: c) Subject to the 12% VAT only Section 108, NIRC. A pawnshop shall now be treated, for business tax purposes: (2012 Bar Question) a) As a lending investor liable to the 12% VAT on its gross receipts from interest income and

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