Whether serving public sector organisations, owner managed businesses, private individuals or listed companies with overseas operations, our goal is to help our clients achieve their ambitions.
Whether serving public sector organisations, owner managed businesses, private individuals or listed companies with overseas operations, our goal is to help our clients achieve their ambitions.
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.
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.
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.
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.
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.
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.
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.