V.A.T. Act 2007 - Kenya Revenue Authority

Rev. 2007 VALUE ADDED TAX CAP 476
L.N. 121/96.
(3) Where there is a difference between the amount of claimable input tax for a
year and the total amount deducted for the same period, the amount so calculated
shall be declared as over declaration or under declaration, as the case may be, and
such amount shall be entered in the return for the first tax period following the end
of the accounting year.
L.N.94/2002
Sale of taxable
goods in returnable
containers.
18. Where taxable goods are sold by a registered person in returnable containers
then-
(a) if the registered person has purchased or imported those containers tax paid,
the amount of any tax payable by virtue of subsection (2) of section 9 of the
Act in respect of the containers shall be remitted; or
(b) in any other case, the amount of tax so payable upon those containers which
are returned to the registered person, and upon which he has given a credit to
the purchaser, shall be remitted by means of a credit taken by the registered
person on his next succeeding tax return.
19. (a) Where a registered person is a retailer or is primarily supplying taxable
goods or taxable services to unregistered persons, prices of such goods or
services shall be quoted or labeled including the amount of the tax.
Rehabilitation of
public roads
L.N..94/2002
Revocation of L.N.
400/89.
(b) Where prices are quoted inclusive of tax, the value of the tax shall be
estimated in the case of ad valorem tax rate by a tax that is multiplied by
such a tax inclusive price reduced by any exclusion from the taxable
value allowed under section 9 of the Act. The tax factor is equal to (t/(1 +
t)) where t is the ad valorem tax rate specified in the First Schedule to the
Act.
19A. (Deleted by Finance Act 2004)
The Value Added Tax Regulations are revoked.
Made on the 16 th June, 1994
MUSALIA MUDAVADI
Minister for Finance.
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