Highlights of the Income Tax (Charitable Organisations and Donations Exemption) Rules, 2024
The Income Tax Act (Charitable Organisations and Donations Exemptions) Rules, 2024, (the “Rules”) were gazetted on 18 June 2024. The Rules:
- revoke the Income Tax (Charitable Donations) Regulations, 2007;
- prescribe the procedure for the application, processing and criteria for granting of exemption from income tax in Kenya and revocation of exemption; and
- prescribe the criteria for allowability of donation expenses.
This Alert summarizes the key provisions of the Rules and can be downloaded below.
