Articles

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

For most taxpayers who lose at the Tax Appeals Tribunal (TAT), the same means a beginning of another battle with the Kenya Revenue Authority (KRA) at a higher Court in a bid to validate its [...]