Sharp Daily
No Result
View All Result
Friday, May 15, 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

Why KRA is going after traders who switch paybill and till numbers to avoid taxes

April 24, 2026

Why KRA can now tax income earned abroad if work is managed from Kenya

April 14, 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

Analysis

Co-op bank Q1 profit rises on digital growth

May 15, 2026
News

The role of pension funds in capital market development

May 15, 2026
News

Kenya’s finance bill 2026: taxing phones, mitumba, and digital Payments — What It means for ordinary Kenyans

May 14, 2026
Analysis

Safaricom hits ksh 100bn profit mark

May 14, 2026
News

The importance of financial literacy in investment decision-making

May 14, 2026
News

The importance of financial literacy in investment decision-making

May 14, 2026

LATEST STORIES

Co-op bank Q1 profit rises on digital growth

May 15, 2026

The role of pension funds in capital market development

May 15, 2026

Kenya’s finance bill 2026: taxing phones, mitumba, and digital Payments — What It means for ordinary Kenyans

May 14, 2026

MeTL Group plans Sh6.5 Billion Mombasa plant to challenge Coca Cola and Pepsi in Kenya

May 14, 2026

Safaricom hits ksh 100bn profit mark

May 14, 2026

The importance of financial literacy in investment decision-making

May 14, 2026

The importance of financial literacy in investment decision-making

May 14, 2026

Treasury’s proposed VAT on digital payment platforms signals new pressure on Kenya’s cashless economy

May 14, 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