Sub sections (6) and (7) of Section 7 of the Act require that 10% of the IDF fees collected be paid into a Fund, with the monies in this Fund being used for the payment of Kenya's contributions to the African U
Kenya: The Finance Bill 2025 has been presented to the Kenyan Parliament. New provisions include the introduction of advance pricing agreements (APAs) to mitigate transfer pricing risks and the expansion of VAT to include digital services provided by non-resident suppliers. The Bill also seeks to...
Kenya appears to be adopting an approach that is similar to her neighbour Uganda in a bid to expand the tax base. Effective date: 1 January 2024 Taxation of members’ clubs and trade associations The Act revises the taxation of members’ clubs and trade associations by: ...
For the last 4 months I was working with Kenya Sheard of Tax Defense Network, and I am so happy to report that she resolved my IRS issues to the max, easily exceeding my expectations. I regret that I have been overly anxious during this time, but she kept me up to date on her corr...
it could be lowered to 19.3%. Green groups argue that this reduction has saved 80,000 jobs. Presently, the tax load on fuel sums up to €654.50 and €470.40 per 1000l for gasoline anddiesel, respectively (for lead- and sulphur-free fuel). The overall income was €43 billion in 2003....
In Kenya’s case it is stifling growth in the sector and keeping the companies’ capital out of their hands and forcing them to borrow to meet cash flow requirements, driving up operating costs and...
Trump did the same thing in his first term, so this is – as Yogi Berra said,–“deja vu all over again.” Let’s look at some research that measured whether those tax increases in his first term were successful. For the 1,000 people who were estimated to have gained jobs in the ...
What you need to know: The Law Society of Kenya (LSK) plans to sue the Cabinet Secretary for National Treasury, Ukur Yattani, over alleged illegal appointment of 18 members of the Tax Appeals Tribunal. LSK argues that the CS does not have the authority and powers to make the appointments...
NAIROBI, July 14 (Xinhua) -- Kenya and Turkey are set to sign a double taxation avoidance agreement by the end of 2019, a Turkish diplomat said on Sunday. Ahmet Cemil Miroglu, Turkish ambassador to Kenya told journalists in Nairobi that both countries are keen to improve the environment for...
National Treasury Cabinet Secretary Njuguna Ndung’u has in his Finance Bill 2024, proposed amendments to extend the digital service tax to platforms owned by foreign firms but with a presence in Kenya. In the changes, the definition of ‘digital marketplace’ is expanded to include ...