Tax Alert- Analysis of the Finance Act, 2023

Tax Alert- Analysis of the Finance Act, 2023

Summary of New Amendments not contained in the Financial Bill • VAT Zero-rated status on locally assembled and manufactured mobile phones, electric bicycles, electric buses, and Inputs or raw materials locally purchased or imported for the manufacture of animal feeds....
Key Highlights to the Finance Bill,2022

Key Highlights to the Finance Bill,2022

The Budget Statement 2022-23 was presented to the Parliament on 7 April 2022 by the Cabinet Secretary (CS) for National Treasury and Planning, Hon. Ukur Yatani. In His Budget Statement, the CS proposed various Tax Policy measures for the year FY2022/23, which are...
Key Highlights of Finance Act, 2021

Key Highlights of Finance Act, 2021

The Finance Act, 2021 (the Act) was signed into law by the President on 29 June 2021 and thereafter gazetted on 1 July 2021. Most of the changes brought about by the Act are aimed at streamlining the tax amendments that were introduced in 2020 and filling the gaps in...

Key Highlights of the Finance Bill, 2021

  The Finance Bill, 2021 (the Bill), was published on 5 May 2021 to make amendments to a raft of laws in Kenya, including the Income Tax Act (CAP 470), the Value Added Tax Act, 2013, the Tax Procedures Act, 2015, the Miscellaneous Fees and Levies Act, 2016 and...