Finance Act 2021 Analysis
The amendments in the Finance Act have not varied much from the provisions outlined in the Budget speech as well as Finance Bill 2021. It is worth noting that various provisions were amended such [...]
Highlights of the 2021/2022 Budget
The Cabinet Secretary for National Treasury and Planning Ministry (CS) presented the budget speech for the financial year 2021/2022. The 3.6 Trillion budget outlined measures by the Government to [...]
Implications of the IMF Advancement to kenya
Kenya has yet again sought external funding to the tune of $2.34B loan from the IMF which is supposed to help combat the spread of Covid-19. The nature of the loan is what Economists would [...]
Should the Government consider Restructuring Minimum Tax?
Minimum tax is a tax charged at 1% on gross revenues earned by businesses, payable on a quarterly basis similar to the installment tax regime. The new tax came into effect in January 2021, with [...]
Disclosure of the Beneficial Ownership
The Companies (Beneficial Ownership Information) Regulations, 2020 came into force on 18 February 2020. This is in line with Section 93A of the Companies Act 2015 which requires a Kenyan [...]
TaxAlert| Analysis Finance Act 2020 Kenya
On the 30th of June 2020, the President assented the Finance Bill 2020 thereby making it a law. Contrary to previous presentations, this year’s Finance Bill came to the public domain prior to the [...]
Kenya 2020/2021 Budget highlights
The 2020/2021 Budget (Herein referred to as the Budget) was read by CS Ukur Yatani on the 11 th of June 2020. The current Budget is unique and differs from prior year budgets for the following [...]