Kenya: Exemption from insurance premium levies

Exemption for five years—effective 1 December 2022

Exemption for five years—effective 1 December 2022

The Cabinet Secretary for the National Treasury and Economic Planning through Legal Notice No. 224/2022 exempted insurers transacting in permanent health, annuities and all pension classes of life insurance from the Insurance Premium Levy (IPL) for a period of five years—effective 1 December 2022.

The 1% IPL is provided for under Section 197A of the Insurance Act and previously applied to every registered insurance business in Kenya.

Read a February 2023 report prepared by the KPMG member firm in Kenya


The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.