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State and explain the different kinds of taxes in Kenya

      

State and explain the different kinds of taxes in Kenya.

  

Answers


Judy
1.Income tax—this is tax imposed on annual gains or profits earned by individuals, limited companies, business and other organisations.
2. Value added tax (V.A.T.)—This is tax imposed on sale of commodities and services introduced in Kenya with effect from 1.1.90.
3. Sales tax—This is tax imposed on sale of commodities which was abolished in Kenya on 31.12.89 and replaced with value added tax.
4.Excise duty—This is tax imposed on commodities produced locally.
5.Customs duty—This is tax imposed on import or export of commodities.
6.Stamp duty—This is tax imposed on the transfer of property.
7.Land, rent and rates—This is tax imposed on property. Rent is paid to the central government on some land leases while rates are paid to the local authority based on the value of property.

Judiesiz answered the question on July 10, 2018 at 06:48


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