Tax Training for the shipping & logistics industry
This course provides participants with an in-depth understanding of the current shipping and logistics industries’ tax environment in Kenya. It also provides participants with the opportunity to discuss their tax concerns and access to practical solutions.
This course aims to equip participants with key concepts and real life experiences in dealing with tax risk management matters while taking full advantage of the tax incentives in the logistics & shipping industry. The course also covers emerging issues in the industries ensuring tax exposures are mitigated while maximizing on tax incentives.
Kenya Budget 2017/18 Analysis - A delicate balancing act
The Cabinet Secretary for National Treasury (“CS”) read the 2017/2018 budget on 30th March 2017. This was necessitated by this being an election year later in August which means that Parliament will be dissolved by June. Besides the change in timing, the budget is also extraordinary since its being made right before the commencement of the Third Medium Term Plan for the achievement of Vision 2030.
Paragraph 11A declared Unconstitutional
The High Court has declared Paragraph 11A of the Eighth Schedule of the Income Tax Act unconstitutional, null and void. This was after the Law Society of Kenya (LSK) filed a petition challenging the constitutionality of the provision which they argued was inconsistent with paragraph 2 as read with paragraph 6 (1) of the same Schedule. Further to this, the LSK argued that paragraph 11A violated Articles 10 (1) and (2), 40 (2) (a) and 201 (b) (i) of the Constitution.
Legal Digest: February 2017
Highlights of the month………..
Conservatory orders put on pretransfer payment of capital gains tax;
KRA simba system to be replaced.