Minimum Tax Introduction The recently enacted Finance Act, 2020 introduced the Minimum Tax which is a base income tax payable by all persons regardless of whether or not they make a profit, W.e.f 1st January 2021. This will be a […]
Read more
THE NEW AMENDMENT TO THE VAT ACT, 2013 THAT TIGHTENED THE NOOSE ON THE VAT INPUT CLAIMS IN KENYA On 30th June 2020, President Uhuru Kenyatta approved the Finance Act, 2020. The changes will tremendously affect the business environment in Kenya especially […]
Read more
New Regulations for Turnover Tax (TOT) President Uhuru Kenyatta assented the Tax (Amendment) Bill, 2020 bill into law with a view of cushioning Kenyans against the adverse effects of COVID-19. Turnover tax experienced major transformation especially by setting the new […]
Read more
Taxation of Emoluments/Pensions KRA is pleased to inform employers, employees and the general public that following the presidential directive, amendments have been introduced to the Income Tax Act by reducing the rates of tax applicable on personal emoluments and pension […]
Read more
The Tax Laws (Amendment) Act, 2020 On Saturday 25th April 2020, President Uhuru Kenyatta signed into law the Tax (Amendment) Bill,2020 effectively cushioning Kenyans against the adverse effects of the COVID-19 Pandemic. This followed by a publication of the Kenya Gazette […]
Read more
Meaning of Instalment Tax in Kenya? Instalment tax is estimated income tax paid to KRA periodically, to cover the total tax payable for the year of income. Installment tax is administered under the Income Tax Act Cap 470, laws of Kenya. Who is eligible for Instalment Tax? If the annual tax liability is projected […]
Read more
New PAYE and VAT Rates in Response to COVID-19 Pandemic in Kenya Taxes play a fundamental role in Kenya’s sovereignty. We significantly fund our national budget though Taxes. To mitigate the effects of COVID – 19 to the Kenyan economy, […]
Read more
Use of Alternative Dispute Resolution (ADR) in Tax and Customs Disputes The use of Alternative Dispute Resolution (ADR) mechanism in resolving disputes is anchored under Article 159(2) (c) of the Constitution of Kenya 2010. In conformity with this provision, Kenya […]
Read more
Land Rent Kenya Revenue Authority and Ministry of Lands & Physical Planning notify all leasehold owners about the obligation to pay land rent annually as required under Sect 28 of the Lands Act. KRA has observed that most leasehold owners […]
Read more
ECONOMIC MEASURES TO CURB THE ADVERSE EFFECTS OF COVID-19 IN KENYA President Uhuru Kenyatta on Wednesday 25th March 2020 announced a raft of measures to help tackle the Covid-19 outbreak in Kenya. With the view of cushioning Kenyans against the […]
Read more