Capital gains tax The Act introduces the following changes to capital gains tax: Capital gains realized on the sales of shares or comparable interests, including interests in a partnership or trust, will now be taxable if, at any time during the 365 days preceding the alienation, the shares or...
The Bill seeks to provide certainty on the applicable capital gains tax (CGT) rate for firms that are certified by the Nairobi International Financial Centre Authority (NIFCA). The Bill proposes a 5% capital gains tax rate subject to both of the following conditions: a. Firm has invested ...
Capital gains tax will now be due and payable on the earlier of: The vendor’s receipt of full purchase price or, Registration of the transfer Introduction of preferential intellectual property income regime The Act introduces a preferential tax regime for qualifying intellectual property income. This...
Companies may see several taxes applied, including Income tax (30% flat), Tertiary education tax (2% flat), Petroleum profits tax (85% flat, applied only to petrol companies), Capital gains tax, Dividends, Interest, Royalties, Rents and Consultancy fees (all 10% flat)....
Enterprises, to ascertain the relationship between value-added tax and the performance of Medium size Enterprises, to determine the impact of custom duty on the performance of Medium size Enterprises and to examine the relationship between capital gains and the...
Standard Chartered pre – tax profits jump 41% May 9, 2012 IFC Launches Pan-African Bond Program to Support Local Capital Markets, Private Sector Development May 8, 2012 Standard Chartered hands Liverpool FC shirt sponsorship spot to Seeing is Believing March 28, 2012 Grindrod appoints ...
African governments face stagnant tax revenues and rising public debt. Yet they have wide scope to reform tax systems and improve... Report-MGI Research The power of parity: Advancing women’s equality in Africa November 24, 2019- Gender inequality in Africa remains high, and progress toward ge...
Hayn (1989) examined a sample of 640 acquisitions during 1970–1985 and finds that the improved financial returns reported post-merger are positively associated with the tax attributes of the target firm such as net operating loss carry-forwards, unused tax credits, and higher depreciation due to...
The Capital Markets (Amendment) Bill, 2022 would allow for the taxation of crypto exchanges, digital wallets and transactions. Crypto investors in Kenya would have to pay capital gains tax to the Kenya Revenue Authority when they sell or use their crypto in a transaction. More precisely, the ...
For instance, sections 53–58 of the Forest Conservation and Management Act, 2016 in Kenya, recognizes tax and fiscal incentives for forestry as customs and excise waivers with respect to imported capital goods or tax rebates to forest industries and other establishments investing in plants, ...