On 28th January 2020, the Kenya Bankers Association (KBA) issued a circular advising its members on the favourable decision issued by the Court of Appeal in Kenya Revenue Authority Vs Kenya Bankers Association, Civil Appeal No. 213 of 2018 (Previously Miscellaneous High Court No. 510 of 217).

Notice on payment of CGT and Stamp duty On 4th October, 2016, Kenya Revenue Authority (KRA) issued an notice in the newspapers advising on the discontinuance of the manual payment of both Stamp Duty and Capital Gains Tax (CGT) and required the simultaneous on line payment of the said taxes via the Itax platform.

The effect of the said announcement however was that, a taxpayer had to pay CGT first after which they could then use the payment acknowledgment number to generate a payment slip for Stamp Duty. This was unlike the practice before where the payment of stamp duty was not hinged on the payment of CG