List Of Taxable Goods And Services In Kenya
Taxable Goods And Services is a term for supplying goods and services on which value-added tax can be charged.
In this article Keweb.co tries to answer the question by publishing the full list of Taxable Goods And Services in Kenya
Below is the full List of the Taxable Goods And Services In Kenya
1. The following financial services have VAT exempted The operation of current, deposit, or savings accounts as well as the provision of account statements.
2. Insurance and reinsurance services excluding actuarial services, management, and related insurance consultancy services and services of loss adjusters.
3. The supply of education services
4. Medical, dental, veterinary, and nursing services.
5. Agricultural and horticultural services.
6. Burial and cremation services.
7. Transportation of passengers by any means excluding international air transport.
8. Supply by way of sale, leasing, renting, letting or hiring land or residential premises.
9. Community, social and welfare services provided by National Government or County Government.
10. Stock exchange brokerage as well as tea and coffee brokerage services.
11. The supply of services rendered by educational, religious, welfare, political and other philanthropic associations to their members.
12. Stage and cultural performances which are conducted by educational institutions and approved by the Cabinet Secretary for education as part of the learning curriculum.
13. Accommodation and restaurant services provided or operated by educational training institutions and also approved by the Cabinet Secretary.
14. Conference services conducted for educational institutions.
15. Car park services rendered by National Government, County Government.
16. The supply of airtime by any person other than the provider of cellular mobile telephone services or wireless telephone services.
17. Leasing, hiring and chartering of aircraft
Based on the above list of VAT-exempt goods in Kenya and VAT-exempt services in Kenya, Kenyans can now easily identify the goods that are taxed at 8%, 16%, or 0%. Zero rating makes supplies cheaper since the tax rate is zero. On the other hand, exempt supplies are not taxable, therefore suppliers dealing in exempt supplies do not have to register for VAT because they are not liable for tax deductions.
What are the goods and services which are VAT taxable?
VAT applies to practically all sales of services and imports, as well as to the sale, barter, exchange, or lease of goods or properties (tangible or intangible).
What goods are exempt from tax in Kenya?
Some of the most common VAT-exempt goods in Kenya include milk, eggs, meat, rice, maize, bread, beans, unprocessed vegetables, tubers, infant food formula, medicines, fertilizers, sanitary towels, and pharmaceuticals just to name a few.