The Motorists Association of Kenya has taken a firm stand against the proposed 2.5% motor vehicle circulation tax, warning of dire consequences if the tax is implemented. In a...
The Kenya Revenue Authority (KRA) has received an additional Sh12 billion allocation aimed at intensifying its efforts to clamp down on tax evasion and enhance revenue collection. This substantial...
Bigger Worries Than Bread Tax May Lurk in Kenya’s Finance Bill 2024 As Kenya’s Finance Bill 2024 makes its way through the legislative process, the spotlight has been fixed...
“Attention Landlords: New Housing Levy in Effect! Starting May 9th, landlords are now required to remit 1.5% of their gross rental income, as mandated by the Affordable Housing Act...
Disclaimer: The following insights are based on a draft of the Finance Bill, 2024, currently circulating. Please note that this draft has not yet been confirmed as the official...
Taxation of Fringe Benefits: Fringe benefits are additional perks or benefits provided by an employer to an employee, beyond their salary or wages. These benefits can include things like...
An official document provided by KRA that certifies you have filed and paid all of your taxes is called a Tax Clearance Certificate, or TCC. KRA provides...
In an age of globalization, firms are spreading their horizons beyond domestic borders, entering the arena of international commerce. While this opens up a plethora of opportunities, it also...
Few areas in economic policy provoke as much discussion and argument as taxation. Governments around the world are continuously tasked with balancing budgets, funding key services, and promoting economic...
Tax preparation is an important part of financial management that can have a big impact on your wealth building. You may reduce liabilities and keep more of your hard-earned...