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...
Enactment of the Public Benefits Organization Act (2013) 7 March 2025 Read More BDO HORIZONS BDO’S QUARTERLY GLOBAL MID-MARKET M&A REVIEW 21 February 2025 Read More A New Era for Tax Treaties: Kenya Ratifies the Multilateral Instrument (MLI) 17 February 2025 Read More IFRS Sustainability Discl...
The Act introduces a preferential tax regime for qualifying intellectual property income. This includes royalties, capital gains and any other income from the sale of an intellectual property asset. The provision appears to be aimed at encouraging retention of intellectual property in Kenya. However, ...
In the latest regulations set to take effect on January 1,2021, non-compliant firms and digital suppliers will instead face fines and sanctions under the Tax Procedure Act Kenya which imposes a cash penalty equivalent to double the amount dodged or a Sh100,000 fine for failing to comply w...
The taxman moved to freeze the bank accounts of the KPA before it responded to the objection of the tax assessment by the KPA as required by the Tax Procedure Act. The other interesting case is that of Absa Bank Kenya against the KRA where the taxman argues that payments made by the bank...
With respect tointernational environmental enforcement, Zagaris covered Kenya’s extradition of its citizen for trafficking rhino horns, elephant ivory, and heroin. Byrne discussed illicit ivory trafficking from Angola to Vietnam. Adhoob wrote about the S. African arrest of a hunter for illegal posses...
David W. MwangiStrathmore University
one can wonder how they have been remitting the withholding tax, unless they have not been complying with the tax rules,” said Mr Michael Mburugu, a partner at financial consulting firm PKF Kenya. “We suspect they have been lumping it together and paying. So this points to ...
–Roberto C. (Nairobi, Kenya) Streamlined Procedure: Uncover the Secrets to Fearlessly Catch Up on Your U.S. Taxes Penalty-Free Are you a U.S. taxpayer with unfiled returns and foreign financial assets/income but unaware of your filing obligations? Join our upcoming Streamlined Procedure Webina...
(Nairobi, Kenya) Streamlined Procedure: Uncover the Secrets to Fearlessly Catch Up on Your U.S. Taxes Penalty-Free Are you a U.S. taxpayer with unfiled returns and foreign financial assets/income but unaware of your filing obligations? Join our upcoming Streamlined Procedure Webinar to unlock ...