Sharp Daily
No Result
View All Result
Friday, March 20, 2026
  • 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

KRA reinstates Nil returns amid compliance drive and system enhancements

February 9, 2026

What the High Court backing for KRA use of bank deposits to assess income means for businesses in Kenya

February 5, 2026

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 proposes Sh500 million capital requirement for crypto firms

March 19, 2026
News

Court orders CMA boss to pay Cytonn Sh10.5 million over damaging remarks

March 19, 2026
News

Securitization and the Illusion of Debt Reduction: Rethinking Public Debt in Kenya

March 19, 2026
Equity Group Managing Director And CEO Dr. James Mwangi
Analysis

Equity group posts kSh 72BN profit

March 19, 2026
News

Banks deliver steady returns

March 19, 2026
Analysis

Unilever stock slides as investors question food division spin-off strategy

March 19, 2026

LATEST STORIES

Co-operative Group profit jumps 16.9% to Kshs 29.8 bn as income surges to Kshs 91.9 bn.

March 20, 2026

How Retirement Schemes Support a Quality Life in Retirement

March 19, 2026

Kenya proposes Sh500 million capital requirement for crypto firms

March 19, 2026

Court orders CMA boss to pay Cytonn Sh10.5 million over damaging remarks

March 19, 2026

Securitization and the Illusion of Debt Reduction: Rethinking Public Debt in Kenya

March 19, 2026
Equity Group Managing Director And CEO Dr. James Mwangi

Equity group posts kSh 72BN profit

March 19, 2026

Banks deliver steady returns

March 19, 2026

Unilever stock slides as investors question food division spin-off strategy

March 19, 2026
  • 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