5 December 2022

Tax Alert - Minimum Tax Declared Unconstitutional in Kenya

The Court of Appeal through the determination of the CIVIL APPEAL NO. E591 OF 2021 upheld the judgment of the High Court of Kenya at Machakos on 20 September 2021 that declared minimum tax unconstitutional. Background
21 November 2022

Internal audit reviews

A business needs to see itself through a big mirror – Internal audit reviews Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.
9 November 2022

Transfer Pricing Alert - Country-by-Country Reporting Requirements in Kenya

Multinational Enterprise Groups (MNEs) operating in Kenya, with a combined annual turnover of 95 billion Kenya shillings (c. USD 800 million) are required to file the following for the year of income 2022 and subsequent years:
26 July 2022

Reorganization of company’s share capital

Share capital reduction Capital reduction is the process of reducing the share capital of a company. Section 407 of the Companies Act, 2015 highlights the main reasons for share capital reduction i.e.
22 July 2022

Transfer Pricing Changes Introduced by the Finance Act, 2022

The Finance Act, 2022 (“the Act”) which was gazetted on Friday, 8th July 2022 has introduced key changes in the transfer pricing (TP) regulatory framework in Kenya which will have extensive implications for taxpayers in Kenya.
15 July 2022

RSM Kenya Tax Guide 2022/2023

Download Here: RSM Kenya Tax Guide 2022/2023
8 July 2022

Compliance with the Data Protection Act, 2019 & Data Protection (General) Regulations, 2021 FAQS

Date: 4th July 2022 Subject:  Compliance with the Data Protection Act and Data Protection regulations What is a data controller? This is a natural or legal person, public authority, agency or other body which, alone or jointly with others,...
1 July 2022

Kenya Finance Act, 2022

The Finance Act (“the Act”), 2022 received Presidential assent on 21st June 2022. Most of the changes will be effective from 1st July 2022, which is the Government’s fiscal year, while a few will be effective from 1st January 2023.
13 May 2022

Benefits of Internal Audits

Why we carry out Internal Audits
26 April 2022

Striking the tax balance in the 2022/2023 Financial year

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...
19 April 2022

The introduction of a Crypto-Asset Reporting Framework and the proposed amendments to the Common Reporting Standard by the OECD

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...