Sharp Daily
No Result
View All Result
Monday, July 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

Kenya rolls out digital Advance Cargo Declaration system from August 2026

July 15, 2026

KRA scraps excise duty on bottled water

July 7, 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

How Fintech is Driving MSME Growth and Financial Inclusion in Kenya

July 20, 2026
Banking

CBK’s interest rate guidance sparks fresh legal uncertainty for banks

July 20, 2026
Analysis

Special Funds: Let Us Be Careful!

July 20, 2026
Analysis

Co-operative bank earns spot among africa’s top 25 banks by capital

July 20, 2026
News

The role of asset allocation in achieving long-term investment objectives

July 20, 2026
News

Kenya Selected for KSh 2.2 Trillion Dangote Oil Refinery Project in Lamu County

July 18, 2026

LATEST STORIES

How Fintech is Driving MSME Growth and Financial Inclusion in Kenya

July 20, 2026

CBK’s interest rate guidance sparks fresh legal uncertainty for banks

July 20, 2026

Household credit rebounds as Kenyan banks ease lending

July 20, 2026

Special Funds: Let Us Be Careful!

July 20, 2026

Co-operative bank earns spot among africa’s top 25 banks by capital

July 20, 2026

The role of asset allocation in achieving long-term investment objectives

July 20, 2026

Kenya Selected for KSh 2.2 Trillion Dangote Oil Refinery Project in Lamu County

July 18, 2026

High Court Upholds Kenya Power Contract Termination, Strengthening Procurement Accountability

July 18, 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