However, on 30 June 2023, the High Court of Kenya issued Conservatory Orders temporarily halting the implementation of the Finance Act, 2023. The changes highlighted in this alert will take effect upon the lifting of those orders. Detailed discussion Business and personal tax Definition of winnings...
Controversy is brewing in Ghana as the government’s recent introduction of a 10% withholding tax on betting and lottery winnings ignites public discontent.
Betting firms are currently required to withhold 20 percent of winnings and remit the same to the taxman. This means that if one wins Sh10,000, he or she will receive Sh8,000 as the KRA takes Sh2,000. The betting companies themselves are taxed on the gross gaming revenue –turnover mi...
The taxman believes some telecom companies undervalue transactions on their networks, resulting in the declaration of lower charges on the sale of airtime and Internet as well as fees for sending and receiving money upon which taxes are computed. The latest Central Bank of Kenya data, for ex...