Sharp Daily
No Result
View All Result
Monday, December 15, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

KRA announces tax exemption for Muslims during this year’s Ramadhan period

Brenda Murungi by Brenda Murungi
January 31, 2024
in News
Reading Time: 1 min read

The Kenya Revenue Authority (KRA) has announced tax exemption for Muslims dates during this year’s Ramadhan period. In an internal dated January 29, 2024, the Kenya Revenue Authority(KRA) noted that the dates to be considered for exemption must have been imported and cleared between March 1, 2024, to April 20, 2024.

The Commission granted authorization for the tax-free importation and clearance of dates during the holy month. However, the duty-free importation of dates comes with the condition that the importers or clearing agents apply for an exemption processing code on the Integrated Customs Management System (ICMS).

KRA also noted that the memo followed a letter by National Treasury and Economic Planning Cabinet Secretary Njuguna Ndung’u dated January 26, 2024. The CS stated that the move was a gesture of manifestation of goodwill to the Muslim community.

The Remissions & Exemptions Office will oversee the approval of the processing code and ensure compliance with the exemption conditions. The directive states that all importers and clearing agents of the dates will apply on ICMS for an exemption processing code that will exempt thereby exempting 100 per cent import duties and all other taxes, fees and levies on the dates consignment.

RELATEDPOSTS

Over 500,000 taxpayers benefit from KRA’s tax amnesty programme

April 29, 2024

Ndindi Nyoro urges KRA to halt tax hikes without public Input

March 25, 2024

Once the specified period lapses, these records will be submitted to the Permanent Secretary, National Treasury, with a copy to the Deputy Commissioner Revenue & Regional Coordination.

It is important to note that the duty-free importation of dates will expire on 20th April 2024. Any imports arriving after this date will attract the full duties, taxes, fees, and levies.

The policy will see the government absorbing the import declaration fees and railway development levy on the imported dates.

Previous Post

Cytonn gets nod to manage NSSF Tier II pension funds

Next Post

Oracle to set up global data centre in Nairobi

Brenda Murungi

Brenda Murungi

Related Posts

News

Kenya’s Shift to Risk-Based Lending: Why Banks Are Finally Embracing the Model They Once Resisted

December 13, 2025
News

Why Kenya Needs Clear Zoning: Protecting Agricultural Land from Residential Encroachment

December 13, 2025
News

How Poor Urban Planning Is Holding Back Business Growth in Kenya

December 13, 2025
News

Can Micro-Pension Schemes Solve Kenya’s Informal Sector Savings Crisis?

December 13, 2025
News

How Small Bank Fees Become Big Money: The Hidden Bill Behind Everyday Transactions

December 13, 2025
News

Can Kenya Become the Singapore of Africa? The Reforms Needed to Unlock a High-Growth

December 13, 2025

LATEST STORIES

Kenya’s Shift to Risk-Based Lending: Why Banks Are Finally Embracing the Model They Once Resisted

December 13, 2025

Why Kenya Needs Clear Zoning: Protecting Agricultural Land from Residential Encroachment

December 13, 2025

How Poor Urban Planning Is Holding Back Business Growth in Kenya

December 13, 2025

Can Micro-Pension Schemes Solve Kenya’s Informal Sector Savings Crisis?

December 13, 2025

How Small Bank Fees Become Big Money: The Hidden Bill Behind Everyday Transactions

December 13, 2025

Can Kenya Become the Singapore of Africa? The Reforms Needed to Unlock a High-Growth

December 13, 2025

Is Government-Led Affordable Housing Good for Kenya’s Future?

December 13, 2025

Behavioral finance: Emotions that move the market

December 12, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024