Thursday 30 January 2014

URA to collect oil taxes – Kenya

Kenya Revenue Authority said yesterday oil products destined for Uganda will from Monday be cleared by that country’s tax authorities.
This follows the rolling out of the East African single customs territory at the beginning of the year after approval by heads of state summit last November. The new rules requires all the five EAC members to post customs officials at the point of entry of their import goods.
The directive means that oil companies transporting petroleum products to Uganda will now be cleared by the Uganda Revenue Authority and not the Kenya Revenue Authority as is the case under current transit regime.

No comments:

Post a Comment