Kenya: 2022 Tax Changes

Kenya: 2022 Tax Changes

The Finance Bill No.8,2021 has amended Section 31 of the Income Tax Act. The amendment introduces a tax rebate for individuals who make contributions to the National Hospital Insurance Fund (NHIF). The amount of insurance rebate to be claimed is equivalent to 15% of the premiums paid with a cap of KES5,000.00 per month or KES60,000.00 per year (provided in the Third Schedule). 
Currently, only policyholders of education, life and health insurance enjoy an insurance rebate on the premiums paid. 

The change in the rebate is effective 1 January 2022.

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