Geoffrey Gitau & Co.

Author: ggcoffice

by: in: News and Insights

Deregistration/Cancellation of Tax Obligations

Deregistration/Cancellation of Tax Obligations Kenya Revenue Authority (KRA) through the notice published in their website notified the public that taxpayers who are registered under a tax law are required to file their returns and account for taxes due under the […]
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Overview of Minimum Tax

What is Minimum Tax Minimum Tax is a base income tax payable of all persons regardless of whether or not they are making a profit. Applicable rate of tax The rate shall be 1% of gross turnover as provided under […]
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Digital Service Tax

DIGITAL SERVICE TAX (DST) 1. What is Digital Service Tax (DST)? Digital Service Tax (DST) is payable on income derived or accrued in Kenya from services offered through a digital marketplace. 2. What is a Digital Market Place? A digital […]
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Turnover Tax

1. OLD TURNOVER TAX The turnover tax was introduced in Kenya in 2007 (w.e.f. 1st January 2008) to enhance revenue collection, improve tax administration and reduce compliance and collection costs. Turnover Tax was introduced by the Finance Act 2007 through […]
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COMPANY BENEFICIAL OWNERSHIP E-REGISTER IN KENYA

BENEFICIAL OWNERSHIP E-REGISTER OPERATIONALIZED The Business Registration Service (BRS) in its mandate to oversee operations of the Companies Registry and the overall implementation of the Companies Act, 2015 has operationalized the Beneficial Ownership E-Register. Section 93A of the Companies Act, […]
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THE TAX LAWS AMENDMENT ACT NO.2 , 2020

EMPLOYEES AND ENTITIES TO BRACE THEMSELVES FOR THE NEW TAXES IN THE NEW YEAR Following the enactment of the amendment Act No. 2 of 2020 published on 24th December, 2020 and legal notice No. 206 of 2020 in respect of […]
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IMPLEMENTATION OF THE UNIFIED PAYROLL RETURN (PAYE/INDUSTRIAL TRAINING LEVY)

THE UNIFIED PAYROLL RETURN (PAYE/INDUSTRIAL TRAINING LEVY) The Kenya Revenue Authority (KRA) and the National Industrial Training Authority(NITA) would wish to inform the public that a unified payroll return(UPR) has been developed for joint declaration and payment of Pay As […]
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VOLUNTARY DISCLOSURE PROGRAMME TO HELP TAXMAN LOOP MORE TAXPAYERS (VDP)

VOLUNTARY DISCLOSURE PROGRAMME The Tax Procedures Act, 2015 has introduced a Voluntary Disclosure Programme (VDP), where a taxpayer discloses tax liability that was previously undisclosed for the purpose of being granted relief of penalties and interest on the tax disclosed.  […]
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INTRODUCTION OF DIGITAL SERVICE TAX (DST) @ 1.5%

Digital Service tax On 30th June 2020, President Uhuru Kenyatta approved the Finance Act, 2020.  The Act introduced a Digital Service Tax at a rate of 1.5% of the gross transaction value and shall be payable by a person whose income from […]
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A SIGH OF RELIEF FOR LANDLORDS AS THE RENTAL INCOME TAX THRESHOLD INCREASES TO 15M P.A

INCREASE IN MONTHLY RESIDENTIAL RENTAL INCOME TAX (MRI) THRESHOLD The Finance Act 2015 introduced a new Section 6A in the Income Tax Act Cap 470 Laws of Kenya, which provided for a simplified tax regime on residential rental income as […]
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