Tax insights

Striking the tax balance in the 2022/2023 Financial year

26 April 2022
Ashif Kassam
Over the recent years, political environments especially during election years have proven to contribute immensely on tax policy volatility. During such times, most political incumbents use the economic policy instruments (fiscal and/or monetary policy) such as tax incentives to be re-elected for subsequent political terms.
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The introduction of a Crypto-Asset Reporting Framework and the proposed amendments to the Common Reporting Standard by the OECD

19 April 2022
Ashif Kassam
In the recent past, financial markets have seen the adoption of new technologies and products that have changed investment and payment practices. One of the most recent developments is cryptography, which has led to the creation of Crypto-Assets, an entirely new type of asset.
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Presentation slides - RSM Webinar on Budget 2022/23 Highlights and tax implications

11 April 2022
Ashif Kassam
Download here - Presentation slides
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Permanent Establishment and tax implication in Kenya

6 April 2022
Nihla Mazrui
Background
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Documenting a Transfer Pricing Policy that Withstands the Test of Time – Series I: Intragroup Services

4 March 2022
Ashif Kassam
Revenue authorities in East Africa are increasingly focusing on receipt of intercompany services by taxpayers from their related parties. From a transfer pricing (TP) perspective, the amount paid by the local taxpayer for intercompany services should be just and reasonable.
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AMENDMENTS TO THE TRUSTEES (PERPETUAL SUCCESSION) ACT

7 February 2022
Ashif Kassam
Analysis of changes in tax and other provisions
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Clarity on country by country reporting requirements for multinational enterprise groups

2 December 2021
Ashif Kassam
The National Treasury and Planning together with the Kenya Revenue Authority through a Public Notice dated 19/11/2021 released the draft Income Tax Act (Country by Country Reporting) Regulations, 2021 (ITA Regulations, 2021) to guide on the implementation of the Provisions of Section 18B of the Income Tax Act.
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Clarity on payment of Digital Service Tax following The Finance Act, 2021

10 August 2021
Ashif Kassam
Prior to the enactment of the Finance Act 2021, Digital Service Tax (“DST”) was payable by both resident and non-resident suppliers of digital services and providers of a digital marketplace.
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Overview of Finance Bill, 2021

11 May 2021
Ashif Kassam
Introduction
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Input VAT Apportionment

8 April 2021
Jilna Shah
The Essential Guide to Partial Exemption rules for VAT
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Payroll benefits Q&A

31 March 2021
Nihla Mazrui
Employment benefits refer to perks or any additional considerations offered to employees over and above the basic salary to create a competitive package for a particular job position. All benefits are taxable at the higher of cost to the employer of providing the benefit and the fair market value.
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RSM Eastern Africa Tax Guide 2020-21

18 March 2021
Ashif Kassam
Download Here: RSM Eastern Africa Tax Guide 2020-21  
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Voluntary Tax Disclosure Programme (VTDP) - Frequently asked questions (FAQS)

21 January 2021
Ashif Kassam
WHAT IS THE LEGAL BASIS OF THE VTDP?
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THE TAX LAWS (AMENDMENT) (No.2) ACT, 2020

11 January 2021
Ashif Kassam
Effective Date On 23rd December 2020, H.E. President Uhuru Kenyatta signed into law the Tax Laws Amendment (No. 2) Bill 2020 which was passed by the members of the National Assembly on 22nd December 2020.
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RSM Tax Update Webinar - Presentation Slides

9 July 2020
Ashif Kassam
1. How to take advantage of the Voluntary Tax Disclosure Programme 2. Tax challenges arising from the Tax Laws (Amendment) Act, 2020 and the Finance Act, 2020 and how to tackle the implementation challenges 3. Overview of the implications arising from recent Tax Rulings
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