ADVOKS GLOBAL · KENYA
Income Tax Act
68. Return as to dividends paid by building societies
Edition: 2026-07-01 · In force
68. Return as to dividends paid by building societies
(1)The Commissioner may, by notice in writing, require any building society to furnish him within a reasonable time, not being less than thirty days from the date of service of such notice, with a return of dividends paid or credited during a year specified in the notice in respect of shares held–(a)in the case of a foreign building society, by a person who is resident in Kenya; and(b)in the case of a resident building society, by any person,Provided that and any such return shall give the names and addresses of the persons to whom the dividends were paid or credited and shall state, in each case, the amount of the dividends: the year specified in any such notice shall not be a year ending more than three years before the date of the service of the notice.(2)For the purposes of this section–"foreign building society" means a building society registered under section 75 of the Building Societies Act (Cap. 489);"resident building society" means a building society registered under section 6 of the said Act.