COUNTY GOVERNMENT OF NAKURU FINANCE BILL, 2013 PROVISIONS RELATING TO COUNTY TAXES Introduction The provisions of the Financial Bill, 2013 relating to taxes seek to amend the Gazetted fees and charges and single business schedule, in order to provide for:- inter,alia, The tax rates Widening of tax base Measure to prevent non remittance of collected revenue Tax incentives and reliefs Rationalization of inter-county taxation provisions General Anti-evasion Rule Other clarifications 2. The Financial Bill, 2013 seeks to prescribes the rates of taxes and charges for the assessment year 2013 14; the rates at which taxes and other charges will be payable – during the financial year 2013 14 from properties (including land and buildings), – business, Markets, Agricultural produce, entertainment and extraction activities. 3. The substance of the main provisions of the Bill relating to taxes and charges is explained in the following paragraphs. A. TAX RATES 1. RATES OF PROPERTIES TAX – Rates of property tax in respect of property liable to tax for the assessment year 2013 -14 – In respect of properties of all categories of owners liable to tax for the assessment year 2013 – 14, the rates of property have been specified in Part I of the first schedule to the Bill. –tax These are the same as those laid down in Part of the first schedule the for the ….. act …….., purposes of computation of property tax due. (i). Penalties on outstanding rates- Penalties shall be levied in respect of property liable to tax for the assessment year 2013 14, in – the following cases:- a). In the case of a property having total outstanding rates at the turn of the calendar year the amount of property tax computed shall be increased by a penalty calculated @ 2% cumulative per month.
COUNTY GOVERNMENT OF NAKURU FINANCE BILL, 2013 PROVISIONS RELATING TO COUNTY TAXES Introduction The provisions of the Financial Bill, 2013 relating to taxes seek to amend the Gazetted fees and charges and single business schedule, inter,alia, in order to provide for:- The tax rates Widening of tax base Measure to prevent non remittance of collected revenue Tax incentives and reliefs Rationalization of inter-county taxation provisions General Anti-evasion Rule Other clarifications 2. The Financial Bill, 2013 seeks to prescribes the rates of taxes and charges for the assessment year 2013 – 14; the rates at which taxes and other charges will be payable during the financial year 2013 – 14 from properties (including land and buildings), business, Markets, Agricultural produce, entertainment and extraction activities. 3. The substance of the main provisions of the Bill relating to taxes and charges is explained in the following paragraphs. A. TAX RATES 1. RATES OF PROPERTIES – TAX Rates of property – tax in respect of property liable to tax for the assessment year 2013 -14 In respect of properties of all categories of owners liable to tax for the assessment year 2013 – 14, the rates of property –tax have been specified in Part I of the first schedule to the Bill. These are the same as those laid down in Part ….. of the first schedule the act …….., for the purposes of computation of property tax due. (i). Penalties on outstanding rates- Penalties shall be levied in respect of property liable to tax for the assessment year 2013 – 14, in the following cases:- a). In the case of a property having total outstanding rates at the turn of the calendar year the amount of property tax computed shall be increased by a penalty calculated @ 2% cumulative per month.
Finance_Bill.docx