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Kenyan MPs Greenlight Tax Bill Targeting Churches and NGOs

Members of Parliament have approved the Income Tax Regulations Bill (Charitable Organizations and Donations Exemptions) 2024 targeting churches, NGOs, and other tax-exempt institutions. The National Assembly Committee on Delegated Legislation, chaired by Ainabkoi MP Samuel Chepkonga, endorsed the new tax regulations proposed by former Treasury Cabinet Secretary Prof. Njuguna Ndung’u in a meeting with Kenya Revenue Authority (KRA) officials. The Bill sets out the criteria charitable institutions must meet to qualify for tax exemptions on their income. It also specifies which donations will be eligible for tax deductions. KRA Commissioner General Humphrey Wattanga reported that some churches and NGOs wereThe post Kenyan MPs Greenlight Tax Bill Targeting Churches and NGOs appeared first on Nairobi Wire.

Members of Parliament have approved the Income Tax Regulations Bill (Charitable Organizations and Donations Exemptions) 2024 targeting churches, NGOs, and other tax-exempt institutions. The National Assembly Committee on Delegated Legislation, chaired by Ainabkoi MP Samuel Chepkonga, endorsed the new tax regulations proposed by former Treasury Cabinet Secretary Prof. Njuguna Ndung’u in a meeting with Kenya Revenue Authority (KRA) officials.

The Bill sets out the criteria charitable institutions must meet to qualify for tax exemptions on their income. It also specifies which donations will be eligible for tax deductions. KRA Commissioner General Humphrey Wattanga reported that some churches and NGOs were profiting from ventures unrelated to their charitable missions.

Wattanga stated. KRA Deputy Commissioner Maurice Oray supported this view, calling for stricter regulations. The Committee approved the new tax recommendations, with Chepkonga stating,.